Subject property includes a 7,600sf freestanding, single tenant retail building on a .56 acre parcel located in downtown St. Louis. Asset is currently occupied by Advance Auto Parts, the largest automotive retailer in the country. The investment is secured by a 20yr net lease, which currently has 2 years remaining on the initial fixed term followed by two 5-year extension options with 12% and 11% rent increases respectively. The lease is a NN lease with landlords only maintenance responsibility being the roof, structure and power lines; the roof was replaced in 2014 and has a 10 year warranty. The current in place rent of $8.07/sf is significantly below market providing a tremendous future value add opportunity. The property has tremendous visibility along one of the dominant thoroughfares in St. Louis and affords an owner the rare opportunity to acquire an extremely low priced, passive net leased investment in a major metro downtown location with the security of a lease guaranteed by a best in class tenant.
NLA is pleased to present this single tenant Walgreens located in St. Louis, MO. This 14,820 square foot building was built in 2008 (build to suit) and is situated on roughly 2.231 acres. The tenant has signed a 75-year absolute net lease, which has over 18 years remaining before the first termination option. Walgreen, Co., which is publicly traded on the NASDAQ under the ticker symbol WBA , has a current BBB credit rating by Standard & Poor's.
This is 6 bay auto repair and tire shop.
Quantum Real Estate Advisors, Inc. ( QREA ) has been retained to exclusively offer for sale a single-tenant retail building located at 1225 Union Boulevard in St. Louis, MO. The subject property consists of a +/-15,000 SF single-tenant retail building 100% occupied by Walgreens. Walgreens has successfully operated at this location since 1998 and recently executed an early ten year lease extension demonstrating their commitment to this location. There are over 14 years remaining on the lease, which is set to expire on January 31st, 2029. Additionally, the lease features an attractive option structure with eight, five-year options. The two acre lot is strategically located at the signalized corner of Union Blvd and Page Blvd where daily traffic counts average over 37,500 vehicles per day.
6 BAY AUTO REPAIR, Creve Couer in not allowing new automotive shops. YOU MUST CONVERT AN EXISTANT SHOP.SHOP IS 4527 SQ FT.
14570 sq ft retail automotive repair shop with 16940 sq ft paved parking area
IDEAL OWNER/USER. 4100 sq.ft. Brick Professional building. 3,088 sq.ft currently occupied as retail with another 1012 sq.ft. vacant for retail or professional office use. Current Tenant in the occupied space would stay or move to smaller vacant space in bldg. Both spaces in MOVE IN CONDITION.
Freestanding building currently occupied by Toys R Us. Available 2nd Quarter 2015 for sale or lease. Neighboring tenants include Wal-Mart, Sam's Club, Big Lots, Shoe Carnival & Harbor Freight Tools.
This two story office building in Maryland Heights features an open floor plan, oversized parking lot and listed FOR SALE or FOR LEASE. Lease rate is one of the LOWEST rates in the Westport Area. The building was most recently utilized as a DATA/CALL CENTER FACILITY and has the associated HVAC, parking, generator etc. to accommodate such use.
Located 14 miles from downtown St. Louis, the property is located on Olive Boulevard, a major east-west thoroughfare in Creve Coeur. The 8,907 square feet branch features excellent visibility and accessibility with three points of ingress/egress. The shopping center across the street is anchored by a Dierberg's grocery store with national retailers such a Petco and Marshalls. On that same side of the street, there are a Walgreens and an AMC theater.