Located in the heart of Richmond Heights, 1026 S Brentwood Boulevard presents a rare opportunity to acquire a stabilized, single-tenant retail investment with long-term income security. This ±5,250 SF property is fully leased to a cannabis dispensary under a NNN lease structure, offering investors minimal landlord responsibilities and predictable cash flow. With over nine years remaining on the lease and 2% annual rent escalations, the asset delivers strong yield performance at an 8% cap rate.
Positioned within the Brentwood Promenade retail corridor, the property benefits from exceptional visibility and access, surrounded by high-performing national retailers including Target, Whole Foods, and Nordstrom Rack. The site sees robust traffic counts, with over 48,000 vehicles per day on nearby thoroughfares, and is minutes from the St. Louis Galleria and Downtown Clayton. This prime location ensures consistent consumer draw and long-term tenant viability.
The surrounding area is a vibrant mix of residential neighborhoods, retail centers, and office districts, contributing to a dynamic and supportive commercial environment. With proximity to Interstate 64 and 170, the property is easily accessible to the broader St. Louis metro, enhancing its regional appeal.
This offering is ideal for investors seeking a passive, income-generating asset in a thriving retail corridor with strong tenant demand and long-term lease stability.