Log In/Sign Up
Your email has been sent.
Savers 2601 Highway K 38,685 SF Retail Building O'Fallon, MO 63368 $7,000,000 ($180.95/SF) 6.63% Cap Rate
Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire Savers (the "Property"), an exceptionally well-located ±38,685 SF freestanding building situated on approximately 4.24 acres, located in O'Fallon (STL MSA), MO. The Property is strategically positioned along State Highway K (33.5K+ VPD) – connecting north to I-70 and south to I-64, for direct accessibility to the center of Downtown St. Louis.
The Property is secured by a newly inked net lease, with limited landlord responsibilities, with ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years (see Page 5), as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year.
The Property presents a unique opportunity for an astute investor to acquire a property with long term stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.
The Property is secured by a newly inked net lease, with limited landlord responsibilities, with ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years (see Page 5), as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year.
The Property presents a unique opportunity for an astute investor to acquire a property with long term stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
38,685 SF
Building Class
B
Year Built/Renovated
2007/2026
Price
$7,000,000
Price Per SF
$180.95
Cap Rate
6.63%
NOI
$464,220
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
4.24 AC
Zoning
C-2 - General Business District
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2-0067-A407-00-000A.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,278,328 |
Property Taxes
Parcel Number
2-0067-A407-00-000A.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,278,328
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
