60 Harvester Sq - Supermarket FOR SALE


Saint Charles, MO 63303
$6,862,300 USD
703-477-1315
60 Harvester Sq, Saint Charles, MO for Sale
$6,862,300 USD
Supermarket - FOR SALE
1/20
null | 6.25% Cap Rate

60 Harvester Sq
Saint Charles, MO 63303


HIGHLIGHTS

  • Part of the larger Schnucks Portfolio (8 Assets in MO & IL( - Seller is highly encouraging individual and portfolio offers.
  • This store was part of the Shop N Save acquisition in 2019. Following the acquisition, the store underwent an approximate $1M renovation.
  • Located along major thoroughfares and benefits from a captive built-in customer base in an area recognized for highly attractive demographics.
  • Anchors the 126,418 SF Harvester Square Shopping Center (Dollar General, Reno's Liquidation Outlet, The Salvation Army Thrift Store, etc.)
  • Excellent Access & Visibility at the intersection of Route 364 (37,411 VPD) & Harvester Road (17,372 VPD)
  • St. Louis MSA (MSA Population: 2.82M+)

OVERVIEW

The CBRE Net Lease Property Group is pleased to offer for sale the 71,499-square-foot Schnucks grocery store positioned on 6.19 acres in St. Charles, 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

$6,862,300 USD

PRICE/SF

$97 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Schnucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

285

LAND DETAILS

LAND ACRES

6.19 AC

LAND SF

269,636 SF

ZONING

AE8

APN/PARCEL ID

3-0015-5439-00-0003.0000000,3-0015-5439-00-0004.0000000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

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