$6,639,300 USD
703-477-1315
7450 Hampton Ave
Saint Louis, MO 63109
Princeton Heights
HIGHLIGHTS
- Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers
- 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 ±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
$6,639,300 USD
PRICE/SF
$137 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Schnucks
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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