Price Upon Req.9,000 SF
The subject is a 9,000-square-foot, one-story, medical office situated on .59 acres in zoning district K, unrestricted, and has a drive in door that would convert well for a contractor. The improvements were constructed in 1989 and the building was formerly occupied by Concentra Urgent Care. The property is located in a very dense part of St. Louis with over 218,000 people living within a 10 minute drive of the location giving it excellent access to a broad range of people. The subject is located on the west side of Third Street and the north side of Lafayette Avenue which provides average access and visibility from roadway frontage. The subject is in reasonable proximity to both employment centers and major roadways, as well as the Soulard neighborhood, which is experiencing average to above average levels of demand.
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 1.5 years remaining on the initial fixed term followed by two 5-year extension options with 12% and 11% rent increases respectively. Advance Auto Parts is willing to extend the lease. 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.
The subject offering is a fee simple interest in an absolute NNN leased Walgreens. There are 12 years remaining on the lease, with zero landlord obligations. The tenant exercised early renewal signifying commitment to this location. The tenant has eight 5 year options to renew. This Walgreens is an excellent performing location $4,000,000 in annual reported sales.
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.
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.
.51 acres (160 x `140) 960 sq. ft. bldg.
$295,000Size Upon Req.
Prime Infill Redevelopment Opportunity .89 acres
167,000 Sq. Ft. plus Brick 4 & 5 Story buildings, property is currently being used as a general warehouse and distribution center. Property has the ability for some light manufacturing.
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.