Historical Retail Sale Listing - Waterford Center

Retail For Sale

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Waterford Center

2184 North Waterford Drive, Florissant, MO 63033

N/A

6,400 SF | Retail

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Retail Property - Off Market

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

Highlights

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

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.

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

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Created 6/25/2012