8001 W Florissant Ave - Bank FOR SALE


Saint Louis, MO 63136
$805,827 USD
801-400-2080
8001 W Florissant Ave, Saint Louis, MO for Sale
$805,827 USD
Bank - FOR SALE
1/14
null | 6% Cap Rate

8001 W Florissant Ave
Saint Louis, MO 63136


HIGHLIGHTS

  • Lease Type: Absolute NNN Lease, Corporate Guarantee
  • Initial Lease Term: 8 Years
  • Rent Increases: 5% Starting 2027
  • Investment Structure: Tenant-in-Common (TIC), suitable for 1031 exchanges

OVERVIEW

This is an awesome opportunity to own a piece of an A credit rated NNN Investment. This is an absolute net ground lease with the 5th largest bank in America. The tenant recently renewed their first option period. There are 6.5 years left on the lease. There is an increase scheduled in 2027. Because of the quality of this investment the full property is not available but you can purchase any amount needed from $100,000 up to the full $805,827. This investment pays a 6% return.

FOR SALE DETAILS

PRICE

$805,827 USD

PRICE/SF

$268 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

29.69% Partial Interest - PNC Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C3

APN/PARCEL ID

13G-42-0883

ASK ABOUT THIS PROPERTY

Kevin LongKGL AdvisorsMore Info
801-400-2080

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Kevin LongKGL AdvisorsMore Info
801-400-2080

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