Log In/Sign Up
Your email has been sent.
Desloge Centre 405 N State St 10,075 SF 100% Leased Retail Building Desloge, MO 63601 $2,201,577 ($218.52/SF) 7.75% Cap Rate
Investment Highlights
- Walmart Shadow Anchored Retail Strip
- National Credit Tenancy - 88% of GLA
- 2.5 Million Annual Visits - Top 30% Nationwide
- Dominant Retail Location - 40,000 VPD
Executive Summary
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Desloge Center (“The Property”), a 10,075 square-foot Walmart shadow anchored retail strip center located in Desloge, Missouri.
Built in 2003 on a 1.04-acre site, the Property is 100% occupied and anchored by Rent-A-Center who occupies 50% of the GLA and has been a tenant since 2011. The complementary mix of service-oriented tenants also includes Verizon, L&V Nails, and Cricket Wireless. The property enjoys long-standing tenure and excellent historical occupancy, with an overall average tenant tenure of more than 11 years and 88% of the rent roll consisting of national credit.
The Desloge Center is strategically positioned in the heart of Desloge, Missouri’s primary retail corridor, directly in front of a high-performing Walmart Supercenter that generates more than 2.5 million annual visits (top 30% nationwide per Placer A.I.). Located just off U.S. Highway 67 and N Desloge Drive (with combined traffic counts exceeding 40,000 vehicles per day), the property benefits from excellent visibility, multiple points of ingress/egress, and strong regional accessibility. Desloge sits roughly 60 miles south of St. Louis and serves a broader trade area supported by nearby towns such as Park Hills and Farmington. The area continues to strengthen with the recent opening of a new ALDI grocery store directly adjacent to the property in 2025, further enhancing the convenience-oriented retail node. This Walmart-shadowed location, surrounded by other national retailers, provides a steady flow of daily shoppers and supports the long-term performance of service-based tenants.
All tenants include triple net lease structures with each tenant being responsible for its proportionate share of real estate taxes, insurance, and common area maintenance.
The Property is offered free and clear of debt at a 7.75% cap rate totaling $2,201,577.
Built in 2003 on a 1.04-acre site, the Property is 100% occupied and anchored by Rent-A-Center who occupies 50% of the GLA and has been a tenant since 2011. The complementary mix of service-oriented tenants also includes Verizon, L&V Nails, and Cricket Wireless. The property enjoys long-standing tenure and excellent historical occupancy, with an overall average tenant tenure of more than 11 years and 88% of the rent roll consisting of national credit.
The Desloge Center is strategically positioned in the heart of Desloge, Missouri’s primary retail corridor, directly in front of a high-performing Walmart Supercenter that generates more than 2.5 million annual visits (top 30% nationwide per Placer A.I.). Located just off U.S. Highway 67 and N Desloge Drive (with combined traffic counts exceeding 40,000 vehicles per day), the property benefits from excellent visibility, multiple points of ingress/egress, and strong regional accessibility. Desloge sits roughly 60 miles south of St. Louis and serves a broader trade area supported by nearby towns such as Park Hills and Farmington. The area continues to strengthen with the recent opening of a new ALDI grocery store directly adjacent to the property in 2025, further enhancing the convenience-oriented retail node. This Walmart-shadowed location, surrounded by other national retailers, provides a steady flow of daily shoppers and supports the long-term performance of service-based tenants.
All tenants include triple net lease structures with each tenant being responsible for its proportionate share of real estate taxes, insurance, and common area maintenance.
The Property is offered free and clear of debt at a 7.75% cap rate totaling $2,201,577.
Property Facts
Sale Type
Investment
Property Type
Building Size
10,075 SF
Building Class
B
Year Built
2003
Price
$2,201,577
Price Per SF
$218.52
Cap Rate
7.75%
NOI
$170,622
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.04 AC
Frontage
293’ on STREETATE ST
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Information
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Cricket Wireless began in 1999 as a prepaid wireless brand and later became part of AT&T after AT&T acquired Leap Wireless International. The company offers prepaid mobile plans, smartphones, and related wireless services, with support for online account management, billing, activation, and device help. Cricket Wireless serves customers through store locations and online sales, and its offerings include no-contract plans, 5G access, hotspot data on select plans, and device protection options. The company remains focused on straightforward wireless service for U.S. customers across a broad national footprint.
- KT Cellular
- Information
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- L & V Nails
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Information | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| KT Cellular | Information | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| L & V Nails | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 06-90-30-00-000-0021.09 | Improvements Assessment | $173,020 |
| Land Assessment | $81,600 | Total Assessment | $254,620 |
Property Taxes
Parcel Number
06-90-30-00-000-0021.09
Land Assessment
$81,600
Improvements Assessment
$173,020
Total Assessment
$254,620
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
