This value-add opportunity features a 90% occupied multi-tenant retail asset with all tenants on NNN leases, delivered free and clear. The site is strategically positioned within a dense, high-barrier-to-entry retail hub with a population of +255,500 in a 5-mile radius. Jennings Shops - Plaza on the Boulevard benefits from excellent visibility at a major signalized intersection and is part of the Buzz Westfall Plaza on the Boulevard Shopping Center, which ranks in the 91st percentile for local visits within a 15-mile radius with 3MM annual visits, per Placer.ai. The property is less than 2 miles from I-70 (78,670 VPD) and is dual grocery shadow-anchored by dominant grocers Aldi and Schnucks which ranks in the 94th percentile nationwide and 97th percentile in Missouri with 1.1MM annual visits.
The City Gear tenant generated $3MM in 2024 sales, ranking in the 93rd percentile nationwide for foot traffic with 48.8K visits across 2024 and 2025. The site is adjacent to Copeland’s corporate headquarters (±18,000 global employees) and is surrounded by a densely populated residential area with +4,000 multifamily units in a 2 mile radius. The property sits just 6.6 miles from St. Louis Lambert International Airport, which served over 15.9MM passengers in 2024.
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