2301 S Kingshighway Blvd - Freestanding FOR SALE


Saint Louis, MO 63110- Southwest Garden
$4,800,000 USD
480-221-4221
2301 S Kingshighway Blvd, Saint Louis, MO for Sale
$4,800,000 USD
Freestanding - FOR SALE
1/10
null | 7.5% Cap Rate

2301 S Kingshighway Blvd
Saint Louis, MO 63110
Southwest Garden


HIGHLIGHTS

  • 8 Years Remaining | Corporate Guaranteed
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard Corner Intersection | Interstate 44 | Drive-Thru Pharmacy
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate guaranteed, drive-thru equipped, Walgreens investment property located in St. Louis, Missouri. The tenant, Walgreen Co., has 8 years remaining in their initial term with 11 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease is corporate guaranteed and is absolute NNN with zero landlord responsibilities, making it an ideal, management-free investment opportunity for a passive investor.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$451 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Walgreens | 8yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2019

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

F

APN/PARCEL ID

482101-00670

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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