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7521-7531 Watson Rd
Saint Louis, MO 63119 Shrewsbury

$3,035,500 USD

Department Store Condo For Sale  •  19,062 SF

Property Details

  • Property Type Department Store
  • Total Building Size 19,062 SF
  • Lot Size 1.87 AC
  • Building Class C
  • Year Built 2016
  • Tenancy Multiple
  • Zoning C-1
30 Transit Score
50 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 7531 Retail 19,062 SF $3,035,500 USD
  • Unit Size: 19,062 SF
  • Condo Use: Retail
  • Price: $3,035,500 USD
  • Sale Type: Investment
  • Price/SF: $159.24 USD
Sale Notes
Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.9 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).

Description 

Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.9 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).

Highlights

Industry-Leading Biopharmaceutical Tenant
Net Lease with Corporate Guaranty & Annual Rent Increases
Biolife is located adjacent to a Walmart Supercenter that has 1.8M visits per year and an Aldi with 408,000 visits per year

Public Transportation

Commuter RailDriveWalkDistance
Shrewsbury-Lansdowne (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink)) 5 min - 2.0 mi
Sunnen (Shrewsbury-Lansdowne I-44 Emerson Park - St. Louis MetroLink (MetroLink)) 7 min - 3.3 mi
AirportDriveWalkDistance
St Louis Lambert International 25 min - 15.4 mi
Scott AFB/Midamerica St Louis 54 min - 34.9 mi
Thomas Carr 703-477-1315 CBRE
Thomas Carr 703-477-1315 CBRE