1580 Bryan Rd - Drug Store FOR SALE


O'Fallon, MO 63366- O'Fallon St Charles
$3,250,000 USD
312-624-7018
1580 Bryan Rd, O'Fallon, MO for Sale
$3,250,000 USD
Drug Store - FOR SALE
1/4
null | 6.15% Cap Rate

1580 Bryan Rd
O'Fallon, MO 63366
O'Fallon St Charles


HIGHLIGHTS

  • Over 15 Years Remaining on Corporately Guaranteed NNN Ground Lease
  • Five 5-Year Renewal Options With an 8 Percent Rent Increase at the Beginning of Each Option
  • Generous 1.72-Acre Corner Parcel on 43,200+ AAWDT Signalized Intersection
  • Across From 190-Unit The Prairie Encore Luxury Apartments, Opening Fall 2025, and 266-Homesite Inverness Development
  • Located 0.50 Miles North of State Route 364, 2.4 Miles East of Interstate 64, and Two Miles South of Interstate 70
  • Affluent Suburb Just 35 Miles Northwest of Downtown St. Louis With a One-Mile Average Household Income of $144,247

OVERVIEW

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 13,225-square-foot drive-through pharmacy (the Property) in O’Fallon, MO, in which CVS has over 15 years remaining on its corporately guaranteed triple-net ground lease. The lease features five 5-year renewal options with an 8 percent rent increase at the beginning of each option. Across Bryan Road from the Property, Mia Rose Holdings is building a mixed-use development called The Prairie Encore with 190 luxury rental units and a drive-through Starbucks opening in fall 2025, a Sugarfire Smokehouse and Macadoodles Wine Cellar already open, and a Circle K coming soon. Beyond The Prairie Encore, McKelvey Homes is constructing single-family homes on 266 homesites in its Inverness development. O’Fallon, MO, sits 35 miles northwest of downtown St. Louis, MO, and 23 miles west of St. Louis Lambert International Airport (STL). One of the fastest-growing cities in the state of Missouri, O’Fallon offers easy access to Interstates 64 and 70. Major employers include MasterCard, True Manufacturing, MEMC Electronic Materials and BJC Healthcare. CVS is the largest pharmacy chain the U.S. with 9,144 locations, and around 85 percent of the U.S. population lives within 10 miles of a CVS Pharmacy. The company trades on the New York Stock Exchange under ticker symbol CVS and currently ranks No. 6 on the Fortune 500. The Property offers an investor the ease of a triple-net ground lease with no landlord responsibilities, the security of a corporately guaranteed lease backed by one of the country’s largest publicly traded companies, and a large corner parcel in a rapidly developing St. Louis suburb. Broker of Record: David Saverin, Broker of Record, 7800 Forsyth Blvd., Ste. 710, St. Louis, MO 63105, P: (314) 889-2500, Lic #: 2008013520

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$246 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CVS - 15+ Years Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

2-0067-C270-00-0002.0000000

ASK ABOUT THIS PROPERTY

Mitch GrantMarcus & MillichapMore Info
312-624-7018

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Mitch GrantMarcus & MillichapMore Info
312-624-7018

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