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- LoopNet Team
3055 N Lindbergh Blvd
Florissant, MO 63033
Verizon and Mattress Firm · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Located on a signalized hard corner in dense retail market
- Corporate leases - tenants have occupied their locations since 2009
- Verizon has 2% annual increases, with the next increase occurring in July, 2020
- Excellent visibility and access from heavily trafficked Highway 67 and New Halls Ferry Road
- Both tenants exercised their option periods - showing commitment to the property
PROPERTY FACTS
AMENITIES
- Dedicated Turn Lane
- Signage
- Signalized Intersection
ABOUT 3055 N LINDBERGH BLVD , FLORISSANT, MO 63033
Capital Pacific is pleased to present the opportunity to acquire a premier two tenant strip center in Florissant, Missouri. The subject property is 100% leased to Verizon Wireless and Mattress Firm, and features recently extended 5 year lease terms for both corporate tenants with rent increases in the primary term and option periods. The property was constructed in 2009 for Verizon and Mattress Firm and features NNN lease structures, limiting Landlord responsibilities for this investment (see lease abstracts on Pages 7-8). Both tenants feature corporate signature leases and have been at this location since 2009, showing their commitment to the site and market. The property is ideally located on a signalized hard corner on the north side of Highway 67, a busy intersection that sees nearly 28,000 vehicles per day. This dense retail location features unbeatable visibility, access, and parking. Furthermore, it is located in the dominant trade area in Florissant, surrounded by premier national anchors including Walmart, Lowe’s (across the street), Target, and Home Depot (less than 1 mile). There are over 182,000 people residing within a 5-mile radius of the property.
