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Monday-Friday

9-5 and by appointment

8270 Saint Charles Rock
St Louis, MO 63114 County


Property Overview

Price: $1,450,000
Multiple Listing # 19016868
City St Louis, MO
County St Louis
Sale / Lease Sale

Property Details


8270-86 St. Charles Rock Rd & 8316-34 Lackland Rd. Excellent retail investment opportunity. As is cap rate of 8.67% /Proforma cap rate of 12.84%. These two retail centers present an incredible opportunity for the new owner to enjoy great cash flow with the tenant base in place, while providing the ability to significantly increase returns by raising rents to market rate as leases renew or new tenants are signed on. Lots of potential for the new owner here. Rent roll and other information available upon request and signing confidentiality agreement. Two Retail Centers at a Great Signalized Intersection, Long Term Tenants in Place, 250’ Frontage on St. Charles Rock Rd & 320’ Frontage on Lackland Rd, Convert Leases to NNN to Increase NOI, Substantially Below Market Rents, Able to Increase Rent as Leases Renew, Immediate Proximity to I-170, 26,905 VPD on St. Charles Rock Rd. 2,851 VPD on Lackland, Newer TPO roof, Lower Level Storage Spaces.
Property Type: Retail
Current Use: Office, Restaurant, Retail
Location Description: Retail Center
Potential Use: Convenience Store, Food/Bev/Restaurant, Office/General, Office Showroom, Retail Operation, Strip Center
Square Footage: 20, 000
Parking: 80
Electric: Ameren
Water: Public
Sewer: Public
Cooling: Central-Electric
Heating: Individual Unit
Utilities: Cable, Electric, Gas, Water, Sewer, Telephone
Owner Pays: Common Area Mtce, Property Insurance, Real Estate Tax
Zoning: confirm with County
Lot Size: 108, 464
Road: City Street, County Road
Exterior: Brick, Combination
Sale Includes: Building & Land

Location

This listing is brokered by Salient Realty Group, LLC