$6,971,200 USD
703-477-1315
7450 Hampton Ave
Saint Louis, MO 63109
Princeton Heights
HIGHLIGHTS
- The site has operated since 1963 and boasts an operating history of 60+ years.
- Benefits from a competitively isolated pocket with only 2 small-format grocers located within a mile: Aldi (1 mile E) and Save a Lot (1 mile SE)
- Positioned at the intersection of Gravois Avenue and Hampton Avenue, which serve as major feeder roads to two of St. Louis' primary highways (44 & 55)
- Walgreens, CVS & McDonald's are also located at the intersection.
- St. Louis MSA (MSA Population: 2.82M+)
OVERVIEW
The CBRE Net Lease Property Group is pleased to offer for sale the 51,486-square-foot Schnucks grocery store positioned on 4.93 acres in St. Louis, MO (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±10.9 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options.
FOR SALE DETAILS
PRICE
$6,971,200 USD
PRICE/SF
$135 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Schnucks: St. Louis, MO
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1963
SPRINKLERS
-
PARKING SPACES
261
LAND DETAILS
LAND ACRES
4.93 AC
LAND SF
214,751 SF
ZONING
F
APN/PARCEL ID
9065-00-0050-0
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703-477-1315
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703-477-1315
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