This Retail Property is Off-Market.

2184 North Waterford Drive
Florissant, MO 63033 ·

6,400 SF · Retail For Sale

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Waterford Center

Price N/A Occupancy 100%
Gross Leasable Area 6,400 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Neighborhood Center Year Built 1969
Property Use Type Investment Lot Size 0.83 SF
Commission Split 3% Parking Ratio 7.50 / 1,000 SF
Cap Rate 10.45%
Listing ID: 17721908 Date Created: 06/25/2012 Last Updated: 05/15/2013

Description

This offering includes the sale of a 6,400 Square foot neighborhood center with 5 retail bays. This stable investment opportunity is fully-occupied with credit worthy tenants who have term on their leases.

The tenant-mix consists a leadership ministry, a hair salon, a church, an insurance company and a day care. Each of the units have been renovated and upgraded within the past 3 years. The property has benefited from professional landscaping, re-surfaced parking lot, new fencing and other interior improvements. The property features a 50+ car parking lot.

The Subject Property is located in Florissant, MO less than a quarter mile from N. Lindbergh and sits at the corner of Waterford Drive and Paddock Road. Sprint, US Bank, Sherwin Williams, Enterprise Rent-A-Car, Schnucks' s Grocery Store, Walgreens and Home Depot are located in the immediate vicinity.

Highlights

  • 100% Occupied Neighborhood Center
  • 10.45% Cap Rate
  • Professionally Maintained Center
  • 50+ Car Parking Lot
  • Built in 1969
  • Strong Tenant Mix

Research

2184 North Waterford Drive, Florissant, MO 63033 (Saint Louis County)

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