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10895 W Florissant Ave

44,991 SF 100% Leased Retail Building Saint Louis, MO 63136 $7,920,000 ($176/SF) 7% Cap Rate

Investment Highlights

  • New Ten-Year Corporate Leases to Publicly Traded, High Growth Retailers, Burlington & Five Below
  • Burlington (NYSE: BURL) is Rated Ba2 by Moody’s and BB+ by Standard & Poor’s
  • Over $65 Million in New Commercial Development in the Past Six Years and $30+ Million Planned or Under Construction Presently
  • Shadow-Anchored by Highest Sales PSF Walmart in the St. Louis MSA and Sam’s Club
  • Five Below (NASDAQ: FIVE) Has a Market Capitalization of Over $7.69 Billion with Plans to Triple its Store Count by 2030
  • Approximately 12 Miles from Downtown St. Louis and 5 Minutes from St. Louis Lambert International Airport

Executive Summary

The subject property is part of the North County Festival Shopping Center, which serves as the gateway to Ferguson. It is situated in a prime location shadow-anchored by Walmart Supercenter, Sam’s Club and Planet Fitness at I-270 (120,000 AADT) and West Florissant Avenue (66,000 AADT) with excellent visibility and monument signage. The site benefits from robust demographics in an established suburb of St. Louis with a total daytime population of 215,831 within a 5 mile radius and an average household income of $60,966 within 3 miles of the site. A brand new EV Go electric vehicle charging station is currently being installed at the north end of the site. Furthermore, there is a value-add opportunity to develop an additional pad site idea for a coffee kiosk or ATM. Adjacent is St. Louis Community College – Florissant with a student body of 8,000, driving daytime foot traffic to the shopping center. There are many national retailers in the immediate vicinity including Harbor Freight, Shoe Carnival, McDonald’s, Starbucks, Wing Stop, Burger King, QuickTrip, Dollar Tree, Goodwill, and more. Additionally, North County Square Shopping Center features 11 retail, restaurant, and business outlets.
The City of Ferguson, MO, Population 21,203, is part of the Greater St. Louis metropolitan area and is located in North St. Louis County just five minutes from St. Louis Lambert International Airport. North County’s outstanding location is minutes away from the major attractions of both Downtown St. Louis and St. Louis County, benefiting from convenient proximity to the business, cultural and entertainment centers. Ferguson is surrounded by three major highways: I-70, I-170, and I-270, each carrying more than 100,000 vehicles per day and is ideally located to commute to employment in downtown St. Louis or any of the many nearby commercial areas.
This property is listed in conjunction with Missouri-licensed real estate broker Donna Maxwell of Kolb Properties.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
44,991 SF
Building Class
B
Year Built
1989
Price
$7,920,000
Price Per SF
$176
Cap Rate
7%
NOI
$554,416
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
6 Exterior
Building FAR
0.19
Lot Size
5.47 AC
Zoning
C2 - Commercial Business
Frontage
168 FT on W Florissant Avenue

Amenities

  • Signage
  • Monument Signage
  • Air Conditioning

Nearby Major Retailers

ALDI
The YMCA
Starbucks
Applebee's
Regions Bank
Cracker Barrel Old Country Store
Steak ‘n Shake
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10H-64-0272
Land Assessment
$380,930
Improvements Assessment
$932,960
Total Assessment
$676,160
  • Listing ID: 29868075

  • Date on Market: 10/24/2023

  • Last Updated:

  • Address: 10895 W Florissant Ave, Saint Louis, MO 63136

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