2601 Highway K - Freestanding FOR SALE


O'Fallon, MO 63368- O'Fallon St Charles
$7,000,000 USD
516-428-6050
2601 Highway K, O'Fallon, MO for Sale
$7,000,000 USD
Freestanding - FOR SALE
1/9
null | 6.63% Cap Rate

2601 Highway K
O'Fallon, MO 63368
O'Fallon St Charles


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire Savers (the "Property"), an exceptionally well-located ±38,685 SF freestanding building situated on approximately 4.24 acres, located in O'Fallon (STL MSA), MO. The Property is strategically positioned along State Highway K (33.5K+ VPD) – connecting north to I-70 and south to I-64, for direct accessibility to the center of Downtown St. Louis. The Property is secured by a newly inked net lease, with limited landlord responsibilities, with ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years (see Page 5), as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year. The Property presents a unique opportunity for an astute investor to acquire a property with long term stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.

FOR SALE DETAILS

PRICE

$7,000,000 USD

PRICE/SF

$181 USD /SF

CAP RATE

6.63%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Savers (NYSE: SVV)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.24 AC

LAND SF

184,694 SF

ZONING

C-2

APN/PARCEL ID

2-0067-A407-00-000A.0000000

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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