280-290 Mid Rivers Mall Cir | Saint Peters, MO 63376
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280-290 Mid Rivers Mall Cir
Saint Peters, MO 63376
290 Mid Rivers Mall Cir · Retail Property For Sale
Executive Summary
The commercial property at 280 Mid Rivers Mall Circle is strategically located in the St. Charles retail submarket, offering proximity to one of the area's busiest shopping centers, Mid Rivers Mall. This retail property is fully leased, featuring three tenants and spans 12,500 square feet. Built in 1992, the building sits on 1.64 acres and provides 65 surface parking spaces with cross-access to adjacent parcels. The property's HVAC units are located on the roof, and the space includes LED lighting, ADA-compliant restrooms, and a mix of carpet, tile, and concrete flooring. The recent renovation by Panera in early 2023 adds to its appeal.
In addition to its advantageous location, the area is bustling with business activity. St. Peters offers a robust population of over 64,000 within a three-mile radius and a median household income of over $102,000. These demographic factors, combined with its high traffic visibility and proximity to cultural and shopping amenities, make it a valuable investment.
This opportunity presents a well-leased, high-visibility investment in a thriving commercial area.
In addition to its advantageous location, the area is bustling with business activity. St. Peters offers a robust population of over 64,000 within a three-mile radius and a median household income of over $102,000. These demographic factors, combined with its high traffic visibility and proximity to cultural and shopping amenities, make it a valuable investment.
This opportunity presents a well-leased, high-visibility investment in a thriving commercial area.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
12,500 SF
Building Class
B
Year Built
1992
Price
$3,475,000
Price Per SF
$278
Cap Rate
7.50%
NOI
$260,625
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.17
Lot Size
1.64 AC
Zoning
AE8
Parking
65 Spaces (5.2 Spaces per 1,000 SF Leased)
Frontage
304 FT on Westfield Center
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 2-0110-6354-00-000B.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $561,363 |
PROPERTY TAXES
Parcel Number
2-0110-6354-00-000B.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$561,363
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