Log In/Sign Up
Your email has been sent.
Schnucks & Panera Outparcel 10233 Manchester Rd 64,350 SF 100% Leased Retail Building Kirkwood, MO 63122 $14,662,500 ($227.86/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is highly encouraging individual and portfolio offers
- Positioned at the intersection of Manchester Road and Woodlawn Avenue (Combined 25,200 VPD)
- The store previously underwent a significant remodel and capital reinvestment of nearly $7M.
- Property was developed in 1986, providing a 39-year operational track record in one of St. Louis MSA's most desirable municipalities
- Kirkwood is considered a highly-desirable, white-collar community that offers a nationally recognized public school system.
- The Kirkwood store sits on a 5.78-acre parcel that includes a 4,363 SF building ground leased to Panera Bread.
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 64,350-square-foot Schnucks grocery store and Panera outparcel positioned on 5.78 acres in Kirkwood, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
64,350 SF
Building Class
B
Year Built
1986
Price
$14,662,500
Price Per SF
$227.86
Cap Rate
6%
NOI
$879,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Lot Size
5.78 AC
Zoning
B3
Parking
237 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
395’ on Manchester Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 22M-52-0395 | Improvements Assessment | $809,410 |
| Land Assessment | $1,149,980 | Total Assessment | $1,959,390 |
PROPERTY TAXES
Parcel Number
22M-52-0395
Land Assessment
$1,149,980
Improvements Assessment
$809,410
Total Assessment
$1,959,390
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Chase Young -
Leah Lindell -
Kaitlyn Wolf -
CBRE
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Schnucks & Panera Outparcel | 10233 Manchester Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.