1550 S New Florissant Rd | Florissant, MO 63031
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1550 S New Florissant Rd
Florissant, MO 63031
CVS Pharmacy · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Newly built
- Highly-leveraged zero cash flow investment
- New NNN 25-year lease with 10 five-year extensions
- Perfect 1031 exchange asset
PROPERTY FACTS
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
B
Year Built
2014
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
2.12 AC
Zoning
24B5
Parking
9 Spaces (0.68 Spaces per 1,000 SF Leased)
Frontage
513’ on South New Florissant Road
ABOUT 1550 S NEW FLORISSANT RD , FLORISSANT, MO 63031
Rare opportunity to acquire a newly-built CVS Pharmacy. 3.901% loan that fully amortizes prior to the expiration of the lease and contains pay-down/re-advance feature, allowing an investor to meet a larger exchange requirement and purchase the asset for limited equity
PROPERTY TAXES
| Parcel Number | 09J-22-0790 | Improvements Assessment | $777,410 |
| Land Assessment | $230,850 | Total Assessment | $1,008,260 |
PROPERTY TAXES
Parcel Number
09J-22-0790
Land Assessment
$230,850
Improvements Assessment
$777,410
Total Assessment
$1,008,260
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