999 Bowles Ave - Retail FOR SALE


Fenton, MO 63026
$897,500 USD
312-624-7022
999 Bowles Ave, Fenton, MO for Sale
$897,500 USD
Retail - FOR SALE
1/3
null | 6.5% Cap Rate

999 Bowles Ave
Fenton, MO 63026


HIGHLIGHTS

  • Over 5 Years Remaining on Triple-Net Ground Lease With Two 5-Year Renewal Options
  • 8 Percent Rent Increase in Each Renewal Option
  • On a Signalized Intersection 0.2 Miles South of 51,000+ AAWDT State Highway 141
  • Located 0.5 Miles From the 184-Bed SSM Health St. Clare Hospital and 1.9 Miles From the 300-Acre Fenton Logistics Park
  • Within the 2,811,927-Person St. Louis MSA and Only 19.7 Miles Southwest of Downtown St. Louis
  • Regions Financial Corporation Reported $9.4 Billion in Revenue in 2024

OVERVIEW

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 3,552-square-foot drive-through bank (the Property) in Fenton, MO, in which Regions Bank has over 5 years remaining on its triple-net ground lease. The lease features two 5-year renewal options with an 8 percent rent increase at the beginning of each option to offset inflation. On the southwest corner of the signalized intersection of Bowles Avenue and Smizer Mill Road, the Property includes a curb cut on each street and a double drive-through. The 184-bed SSM Health St. Clare Hospital sits 0.5 miles north, on the other side of 51,000+ AAWDT State Highway 141, and 1.9 miles north, the Fenton Logistics Park lies along Interstate 44. Suburban Fenton sits 19.7 miles southwest of downtown St. Louis, MO, along the Meramec River. The city has a median home value of $362,800, and the five-mile area has an average household income of $123,685. Maritz, Panera and BJC HealthCare operate facilities in the city. Headquartered in Birmingham, AL, Regions Financial Corporation is traded on the NYSE under the ticker symbol “RF” and is ranked No. 433 on the Fortune 500. Through its subsidiary, Regions Bank, it operates 1,249 bank branches providing personal, small business, and commercial banking and wealth management. This exclusive opportunity offers an investor the ease of a triple-net ground lease plus an excellent hard-corner location in the St. Louis MSA. Broker of Record: David Saverin, Broker of Record, 7800 Forsyth Blvd., Ste. 710, St. Louis, MO 63105 P: (314) 889-2500, Lic #: 2008013520

FOR SALE DETAILS

PRICE

$897,500 USD

PRICE/SF

$253 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Regions Bank

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Bank, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

R3

APN/PARCEL ID

28P-63-0497

ASK ABOUT THIS PROPERTY

Julius SmithMarcus & MillichapMore Info
312-624-7022

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

Julius SmithMarcus & MillichapMore Info
312-624-7022

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