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Schnucks 2511 Kehrs Mill Rd 41,539 SF 4-Star Retail Building Chesterfield, MO 63017 $5,186,900 ($124.87/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.
- Strategically located at the same intersection as Marquette High School (2,155 Students).
- Built in 2012 in one of St. Louis' most affluent communities. Schnucks was developed to an exceptionally high standard.
- Situated at the Intersection of Clarkson Road (21,674 VPD) and Kehrs Mill Road (10,842 VPD).
- Within Chesterfield's primary retail & commercial corridor (6.4 MSF retail, 3.7 MSF office, 4,895 multifamily units within 3-miles).
- St. Louis, MO MSA (MSA Population: 2.82M+)
EXECUTIVE SUMMARY
The CBRE Net Lease Property Group is pleased to offer for sale the 41,539-square-foot Schnucks grocery store positioned on 4.25 acres in Chesterfield, 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
Supermarket
Building Size
41,539 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
2012
Price
$5,186,900
Price Per SF
$124.87
Cap Rate
6%
NOI
$311,213
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
4.25 AC
Zoning
93R-3
Frontage
480’ on Kehrs Mill Rd
AMENITIES
- Food Court
- Security System
- Signage
- Car Charging Station
- Monument Signage
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 21T-54-0636 | Improvements Assessment | $687,940 |
| Land Assessment | $624,930 | Total Assessment | $1,312,870 |
PROPERTY TAXES
Parcel Number
21T-54-0636
Land Assessment
$624,930
Improvements Assessment
$687,940
Total Assessment
$1,312,870
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Chase Young -
Kaitlyn Wolf -
Leah Lindell -
CBRE
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Schnucks | 2511 Kehrs Mill Rd
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