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True NNN Lease- Downtown St. Louis Sav A Lot
15,985 SF Retail Building Saint Louis, MO 63113 $4,805,000 ($301/SF) 6.55% Cap Rate
Investment Highlights
- Newer Long Term 15 Yr. True NNN Corp. Lease (Fee) by Sav a Lot (Moran Foods) - Huge COVID Sales Growth
- St. Louis MSA is 20th Largest in Nation along the Mississippi River - Huge Growth & Tourism (25M+)
- Hard Corner Neighborhood Location - Synergistic Demo’s and Huge Retail Demand - Zero LL Duties
- Rare 5% Rent Bumps Every 5 Years for Single Tenant Grocery Asset - 2019 Modern Prototype Bldg.
- Strong Lease Guarantee - Subsidiary Brand of Onex Capital (Private Equity Firm) - $39B+ in Assets
Executive Summary
surrounded by dense residential infill ideal for the tenant’s use, on a brand new 15 year lease with zero landlord responsibilities.
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Retailer
- 15,985 SF
- $19.70
- Triple Net
- Jan 2035
Save A Lot is one of the country’s largest discount grocers. When clients shop with them, they’ll find quality fresh produce at everyday low prices, fresh meat that is cut in-store, and their award-winning exclusive brands that will save their customers more. They also offer a variety of their customers' favorite National Brands. They’ll worry about keeping costs low so customers can focus on the best ways to use their money. They are proud to save customers money on their groceries every day of the week. They have high-quality products, including both national and their own brand names at affordable prices. Their select assortment of approximately 1,800 products give you what you buy most, reducing the need for space and eliminating slow moving products from their distribution. This allows them to pass the savings on to you!
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
Retailer | 15,985 SF | $19.70 | Triple Net | Jan 2035 |
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $350,800 | |
Land Assessment | $70,100 | Total Assessment | $420,900 |
PROPERTY TAXES
Presented by
True NNN Lease- Downtown St. Louis | Sav A Lot
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