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High Profile Cannabis Dispensary 42 Arnage Dr 4,405 SF Retail Building Chesterfield, MO 63005 $3,395,116 ($770.74/SF) 8.50% Cap Rate
Investment Highlights
- ???????Rare, Chesterfield Valley Retail Corridor
- EV Auto Row And $1 Billion In Area Reinvestment
- Corporate Guaranty from a 33-Unit Operator
- New Construction in High Barrier of Entry Sub-Market
- Absolute NNN Lease w/ 10+ Years Remaining & 2.5% Annual Rent Increases
- $250k+ Avg Household Income w/in 3 Miles
Executive Summary
???????Northmarq is pleased to present an exceptional opportunity to acquire a single-tenant net leased High Profile Cannabis Shop located at 42 Arnage Road in Chesterfield, Missouri (the "Property"). The Property is a 4,405-square-foot dispensary on 1.00 acre in Chesterfield Valley, adjacent to the region's auto row and directly off I-64/US-40 in one of St. Louis County's most affluent suburbs. The Property is subject to an absolute NNN lease guaranteed by C3 Industries, Inc., a 33-store multi-state operator, with nearly 11 years remaining and 2.5% annual rental increases. Please contact broker for further information and discussion regarding asset.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,405 SF
Building Class
B
Year Built
2024
Price
$3,395,116
Price Per SF
$770.74
Cap Rate
8.50%
NOI
$288,586
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.00 AC
Zoning
105PC
Frontage
Amenities
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 17U-23-0386 | Improvements Assessment | $222,850 |
| Land Assessment | $167,260 | Total Assessment | $390,110 |
Property Taxes
Parcel Number
17U-23-0386
Land Assessment
$167,260
Improvements Assessment
$222,850
Total Assessment
$390,110
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