499 E Veterans Memorial Pky - Retail FOR SALE
Warrenton, MO 63383 |
$4,200,800 USD
703-477-1315
499 E Veterans Memorial Pky
Warrenton, MO 63383
HIGHLIGHTS
- Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers.
- Recently-developed small format concept tailor-designed to cater to the under-served and growing Warrenton market and its outlying communities.
- Located at the full diamond interchange of Highway 70 & East State Highway 47.
- The property has 4 points of ingress/egress from Highway 47 and East Veterans Memorial Highway, which serve as primary thoroughfares in Warrenton.
- Immediately adjacent to Tractor Supply. Additional retailers in the area include Walmart Supercenter, Walgreens, Dollar General, etc.
- St. Louis, MO MSA (MSA Population: 2.82M+).
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 37,631-square-foot Schnucks grocery store positioned on 6.23 acres in Warrenton, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.
FOR SALE DETAILS
PRICE
$4,200,800 USD
PRICE/SF
$108 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Schnucks
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2017
SPRINKLERS
-
PARKING SPACES
156
LAND DETAILS
LAND ACRES
6.23 AC
LAND SF
271,379 SF
ZONING
-
APN/PARCEL ID
05-21.0-3-00-006.002.000
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703-477-1315
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703-477-1315
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