3883 Mexico Rd
Saint Charles, MO 63303
Home Depot Plaza- Famous Footwear · Retail Property For Sale

Property tours are available by appointment. Please contact the listing broker to schedule a tour. Investment Highlights: * Short-Term Credit Lease: Short-term lease with Famous Footwear ends October 31, 2018. Landlord may terminate lease. * Below Market Rent: Famous Footwear is paying percentage rent only which is the equivalent of about $4.00 Net. * Value Add Opportunity: Market rent is $12.00/SF to $14.00/SF. * National Co-Tenants: 3883 Mexico Road is the only leasing opportunity between Target and Home Depot in the Home Depot Plaza. * Strong Demographics: The 3 mile demographics support the active commercial trade area with over 70,000 residents with an average annual income of $80,604 and over 29,000 employees. * High Traffic Volume: The property is located on Muegge Road with 18,700 VPD. Investment Overview: Opportunity to acquire an 8,000 SF retail building situated on 1.75 total acres within a larger Home Depot Plaza with Target and Home Depot as anchor tenants. There is a short-term lease with Famous Footwear which ends October 31, 2018 with Landloard's option to terminate lease. 2012 Demographics 1-mile Population: 8,209 Average Income: $90,383 Employees: 7,628 3-mile Population: 72,444 Average Income: $79,271 Employees: 30,507 5-mile Population: 163,068 Average Income: $76,115 Employees: 65,895