10233 Manchester Rd - Freestanding FOR SALE


Kirkwood, MO 63122
$14,662,500 USD
703-477-1315
10233 Manchester Rd, Kirkwood, MO for Sale
$14,662,500 USD
Freestanding - FOR SALE
1/23
null | 6% Cap Rate

10233 Manchester Rd
Kirkwood, MO 63122


HIGHLIGHTS

  • Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is highly encouraging individual and portfolio offers
  • Property was developed in 1986, providing a 39-year operational track record in one of St. Louis MSA's most desirable municipalities
  • Positioned at the intersection of Manchester Road and Woodlawn Avenue (Combined 25,200 VPD)
  • Kirkwood is considered a highly-desirable, white-collar community that offers a nationally recognized public school system.
  • The store previously underwent a significant remodel and capital reinvestment of nearly $7M.
  • The Kirkwood store sits on a 5.78-acre parcel that includes a 4,363 SF building ground leased to Panera Bread.

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 64,350-square-foot Schnucks grocery store and Panera outparcel positioned on 5.78 acres in Kirkwood, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.

FOR SALE DETAILS

PRICE

$14,662,500 USD

PRICE/SF

$244 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks & Panera Outparcel

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

237

LAND DETAILS

LAND ACRES

5.78 AC

LAND SF

251,777 SF

ZONING

B3

APN/PARCEL ID

22M-52-0395

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.