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1 Mid Rivers Mall Dr
Saint Peters, MO 63376
US Bank Building · Office Property For Sale
Investment Highlights
- Gound lease structure with 16 years of remaining term provides a stable long-term operating foundation
- Established Location: 82,000+ VPD at I-70 and Mid Rivers Mall, surrounded by national retailers and restaurants
- Located in St. Charles County, one of the fastest-growing counties in Missouri
- Annual rent of $157,443 with CPI adjustments
- Strong demographics: 151,728 population and $127,605 average income within a 5-mile radius
- 3.9-acre site improved by a 56,901 SF, three-story office building
Executive Summary
1 Mid Rivers Mall Drive presents the opportunity to acquire the ground lease interest in a 3.90 acre site leased thru 2042 and encumbered by a 56,901-square foot, three-story office building strategically located within the Mid Rivers commercial corridor in St. Peters, Missouri. The improvements on the property feature a recently renovated atrium lobby highlighted by dual grand staircases, abundant natural light, and elevator service to all floors. Positioned adjacent to Mid Rivers Mall and Interstate 70, the Property benefits from exceptional visibility, regional accessibility, and a strong surrounding amenity base anchored by major retailers, restaurants, entertainment venues, and service providers.
Property Facts
Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Office
Building Size
56,901 SF
Building Class
B
Year Built
1982
Price
$2,250,000
Price Per SF
$39.54
Cap Rate
7%
NOI
$157,500
Percent Leased
87%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,908 SF
Slab To Slab
12’
Building FAR
0.33
Lot Size
3.91 AC
Zoning
AE8 - Entertainment District
Parking
180 Spaces (3.16 Spaces per 1,000 SF Leased)
Amenities
- Atrium
- Property Manager on Site
- Signage
Property Taxes
| Parcel Number | 2-0110-5533-00-000A.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,398,683 |
Property Taxes
Parcel Number
2-0110-5533-00-000A.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,398,683
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