9920 Lin Ferry Dr - Supermarket FOR SALE


Saint Louis, MO 63123- Green Park
$11,584,000 USD
9920 Lin Ferry Dr, Saint Louis, MO for Sale
$11,584,000 USD
Supermarket - FOR SALE
1/7
null | 7.15% Cap Rate

9920 Lin Ferry Dr
Saint Louis, MO 63123
Green Park


HIGHLIGHTS

  • Four Midwest Assets: Available Individually or as a Portfolio
  • Long-Term Leases
  • Meijer Subsidiary - Midwestern Grocer
  • 3 of 4 Locations Have Upcoming 10% Bump
  • Minimal Landlord Responsibilities
  • Below Replacement Cost

OVERVIEW

Midwest Fresh Thyme Portfolio is a four-asset, net-leased investment opportunity totaling 115,222 SF with a 5.9-year WALT, available individually or as a portfolio. The properties are leased to a Meijer subsidiary, a leading Midwestern grocer, and feature long-term leases with minimal landlord responsibilities. Three of the four locations have an upcoming 10% rent bump. The assets are located in prime, highly visible locations and are offered below replacement cost.

FOR SALE DETAILS

PRICE

$11,584,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresh Thyme Farmers Market

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

132

LAND DETAILS

LAND ACRES

2.35 AC

LAND SF

102,488 SF

ZONING

106CC

APN/PARCEL ID

28K-44-0136

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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