5119-5171 Lemay Ferry Rd
Saint Louis, MO 63129
Auction:11/27 - 11/29: Butler Hill Plaza · Retail Property For Sale

Property tours are available by appointment ONLY. Please contact George Kindler to schedule at George@ManorRealEstate.com or 314-647-6611 x21. Investment Highlights: ñ18,000 SF multi-tenant neighborhood retail center in St. Louis Missouri ñ100% occupied stabilized investment opportunity Internet resistant tenant mix of local businesses serving the surrounding area Value-add opportunity through market rate rent increases Highly visible Lemay Ferry Road location with 19,654 VPD Signalized intersection with curb cuts along Lemary Feery Rd and Butler Hill Rd Diverse, dense local economy with surrounding residential neighborhoods, multi-family communities and numerous retail including Sam's Club, Ashley HomeStore and Old Navy Investment Overview: Butler Hill Plaza (the "Plaza"), is a two-story neighborhood retail center located at 5119 Lemay Ferry Road in St. Louis, MI. The offering represents the opportunity to acquire a fully leased property with strong cash flow from several diverse tenants and potential upside through market rate increases. Built in 1975, the Plaza is an ñ18,000 SF neighborhood shopping center and demised into 19 units. The Plaza is two levels in rear an The Plaza is two levels in rear and one level in front with top floor units having ingress/egress from the front and the lower floor units having access from the rear of building. The Plaza is 100% occupied with below market rate leases with tenants paying taxes, insurance, and common area maintenance. Most tenants have been at the center for five years or more. Per the seller, over $250,000 in capital expenditures have been completed between 2015-16 including a new roof with transferable warranty, new parking lot, most HVAC units replaced, new plumbing, electrical and flooring in many units, new gutter and underground draining system installed. The value-add opportunity exists for investors with an aggressive renewal strategy to increase rental rates while staying below market. Additionally, many leases reflect a termination option that favor the landlord. The property is zoned "C2" Commercial Zoning and located a half mile from I-55 via Butler Hill Road. The Plaza is located in the strong retail corridor of South County at the signalized intersection of Lemary Ferry Road and Butler Hill Road with combined traffic counts of ñ41,400 VPD. This location offers excellent visibil