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2329 W Clay St
Saint Charles, MO 63301
Walgreens - St. Charles, MO · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Walgreens Pharmacy with Drive Thru Located at 2329 W. Clay Street in St. Charles, Missouri
- 15 Year Lease Extension with 5% Increases Every 5 Years (Strong Performing Location)
- Situated Directly Across the street from Lindenwood University with more than 7,000 Students
- Three Mile Population Exceeds 73,500 People with Average Household Income Exceeding $94,000
- Excellent Intrinsic Value: Large 17,612 Square Foot Building Situated on 2.6 Acres of Land
- Northwestern Suburb of St. Louis, Missouri Situated on the Missouri River
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale this Walgreens Pharmacy with Drive Thru located at 2329 W. Clay Street in Saint Charles, Missouri. Saint Charles is a city in and the county seat of Saint Charles County, Missouri with a population of 70,493 and the 9th most populous city in Missouri. It is situated on the Missouri River and is a northwestern suburb of Saint Louis. Major employers in Saint Charles include Ameristar Casinos, Saint Joseph Health Center, Boeing, Lindenwood University, AT & T Missouri and Central States Coca Cola.
Walgreens has signed a new 15 year absolute NNN Lease with 5 percent Rental Increases every 5 years, showing strong commitment to the site. This larger format 17,612 Square Foot Building is situated on an oversized 2.6 acre parcel of land, demonstrating strong intrinsic value for this property.
Numerous apartment complexes surround this Walgreens Property including Villa Roma Apartments, Courtland Ridge Apartments, Lago Vista Apartments, Cedarbrook Apartment Homes, Country Club Place, Glen at Bogey Hills, Metro on 5th, Crestview Apartments, St. Andrews Apartments and River Crossing Apartments.
Brand new home developments nearby include The Villages At Sandfort Farms with 253 Sold Homesites on 125 acres, Villages of Provence by Consort Homes, TR Hughes Homes Charlestown, and Charlestowne Landing by McBride.
Colleges and universities nearby this Walgreens include John Thomas College (1,949 Enrolled Students), Lindenwood University (7,000 Enrolled Students), Allied College (653 Enrolled Students), St. Louis Community College (26,621 Enrolled Students) and Chamberlain University-St. Louis (25,569 Enrolled Students).
Shopping centers nearby include Saint Charles Plaza, Mark Twain Village, Plaza at DePaul, Bridgeton Oaks Shopping Center and Dorsett Square.
Walgreens has approximately 240,000 team members with 9,000 stores in all 50 states, The District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens is one of the nation’s largest drugstore chains within the U.S. Retail Pharmacy Segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA).
Walgreens has signed a new 15 year absolute NNN Lease with 5 percent Rental Increases every 5 years, showing strong commitment to the site. This larger format 17,612 Square Foot Building is situated on an oversized 2.6 acre parcel of land, demonstrating strong intrinsic value for this property.
Numerous apartment complexes surround this Walgreens Property including Villa Roma Apartments, Courtland Ridge Apartments, Lago Vista Apartments, Cedarbrook Apartment Homes, Country Club Place, Glen at Bogey Hills, Metro on 5th, Crestview Apartments, St. Andrews Apartments and River Crossing Apartments.
Brand new home developments nearby include The Villages At Sandfort Farms with 253 Sold Homesites on 125 acres, Villages of Provence by Consort Homes, TR Hughes Homes Charlestown, and Charlestowne Landing by McBride.
Colleges and universities nearby this Walgreens include John Thomas College (1,949 Enrolled Students), Lindenwood University (7,000 Enrolled Students), Allied College (653 Enrolled Students), St. Louis Community College (26,621 Enrolled Students) and Chamberlain University-St. Louis (25,569 Enrolled Students).
Shopping centers nearby include Saint Charles Plaza, Mark Twain Village, Plaza at DePaul, Bridgeton Oaks Shopping Center and Dorsett Square.
Walgreens has approximately 240,000 team members with 9,000 stores in all 50 states, The District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens is one of the nation’s largest drugstore chains within the U.S. Retail Pharmacy Segment of Walgreens Boots Alliance, Inc. (Nasdaq: WBA).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Drug Store
Building Size
17,612 SF
Building Class
C
Year Built
1960
Price
$3,894,135
Price Per SF
$221.11
Cap Rate
6.65%
NOI
$258,960
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.60 AC
Zoning
AB2
PROPERTY TAXES
| Parcel Number | 6-009C-3138-00-0018.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $587,217 |
PROPERTY TAXES
Parcel Number
6-009C-3138-00-0018.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$587,217
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