Listed by Colliers - Los Angeles - Orange County, California
$4,805,000
Save a lot
Details
Property Type Retail
Sub Type Grocery Store
Square Footage 15,985
Cap Rate 6.55%
NOI $314,916
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 01/31/2035
Remaining Term 8.7
Price per SqFt $301
Acreage 0.600
Investment Type Net Lease
Lease Commencement 01/03/2020
Retail | 6.55% CAP | 15,985 SF
Marketing description
We are pleased to offer to qualified investors an opportunity to purchase fee simple, an absolute NNN leased investment occupied by Save-A-Lot grocer on a new 15 year lease just outside Downtown St. Louis, MO. This brand new 2019 construction, is located on a highly trafficked intersection seeing over 36,000 VPD, and is ideally positioned to take advantage of the dense residential infill surrounding the subject property as well as benefit from the areas high retail demand. This is an excellent opportunity to purchase a corporate signed absolute NNN lease, located just outside one of the largest cities in the U.S., surrounded by dense residential infill ideal for the tenant’s use, on a brand new 15 year lease with zero landlord responsibilities.
Investment highlights
- Brand New Long Term 15 Yr. True NNN Corp. Lease (Fee) by Sav a Lot (Moran Foods) - Opening Soon!
- Rare 5% Rent Bumps Every 5 Years for Single Tenant Grocery Asset - 2019 Modern Prototype Bldg.
- St. Louis MSA is 20th Largest in Nation along the Mississippi River - Huge Growth & Tourism (25M+)
- Strong Lease Guarantee - Subsidiary Brand of Onex Capital (Private Equity Firm) - $39B+ in Assets
- Hard Corner Neighborhood Location - Synergistic Demo’s and Huge Retail Demand - Zero LL Duties
- One of Fastest Growing Grocery Chains in U.S. - 1300+ Stores in 13 States - Headquarters in St. Louis
Listing Contacts
Listed by Colliers - Los Angeles - Orange County, California
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$314,916.00
$26,243.00/mo
Valuation Metrics
0
DSCR
6.55%
Cap Rate
6.55%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
