314-281-1502
27 Grasso Plz, Affton, MO for Sale
Retail - FOR SALE
1/7
null | Request Cap Rate

27 Grasso Plz
Affton, MO 63123


OVERVIEW

• Prominent, longstanding ~93,000 SF, 98% leased neighborhood center in dense, infill area of South St. Louis County. • Located at a 3-point signalized intersection, across the street from Schnuck’s Market and two private schools. • Exceptional longstanding tenancy consisting of an ideal mix of local, regional, and national tenants. • Average household income is over $100,000 within a 3-mile radius. • Major capital improvements have been completed over the last few years (new roof in 2025 - a cost of ~$1.5 million; large-scale interior remodel of the office space in 2024; exterior façade remodel and new parking lot in 2017). • Established Walgreens and Starbucks serve as outparcels (not included in offering). • Future upside potential through scheduled rent bumps and renewing leases at market rates. • Traffic counts of ~18,000 VPD

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

243

LAND DETAILS

LAND ACRES

6.2 AC

LAND SF

270,258 SF

ZONING

C3

APN/PARCEL ID

26K-64-0501

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Michael KochNovus CompaniesMore Info
314-281-1502

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Michael KochNovus CompaniesMore Info
314-281-1502

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