Private Address
There is no property location added.
There is no property location added.
Investment Highlights:
STRONG CREDIT PROFILE: 100% occupied shopping center anchored by Aldi and Ace Hardware, which are both corporate leases and comprise 2/3 of the income.
NEW NNN LEASES: Aldi signed an initial 15 year lease term and Ace signed a 10 year lease, providing for long-term passive cash flow. Each tenant reimburses for their share of expenses at a fixed rate.
IDEAL SUB MARKET: Aldi looks to go into space near larger grocery stores and dense population centers. Schnucks is across the street and there are 800 apartment units at the immediate intersection. Additional retailers at the intersection include Walgreens, Regions Bank, First Bank, Dunkin Donuts, and Hardees.
RECENT RENOVATION: The property was recently renovated, featuring an updated façade and parking lot improvements.
HIGH TRAFFIC LOCATION: The shopping center is situated at the intersection of Big Bend Rd. (32,900 VPD) and Meramec Station Rd. and next to interchange access with Hwy-141 (45,700 VPD), supplying ample traffic to the area. The property’s pylon sign is visible from the intersection.
LARGE LOT WITH AMPLE PARKING: Large, 5.8 acre parcel with 269 parking spaces.
AFFLUENT ST. LOUIS MSA DEMOS: There are 64,000 residents earning an average household income of $126,000 within three miles of the site.
51,450 Sq.Ft. LIVING AREA
We pride ourselves in providing personalized solutions that bring our clients closer to their dream properties and enhance their long-term wealth.