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Schnucks: St. Charles, MO 60 Harvester Sq 71,499 SF Retail Building Saint Charles, MO 63303 $7,205,400 ($100.78/SF) 6.25% Cap Rate

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Investment Highlights

This store was part of the Shop N Save acquisition in 2019. Following the acquisition, the store underwent an approximate $1M renovation.
Anchors the 126,418 SF Harvester Square Shopping Center (Dollar General, Reno's Liquidation Outlet, The Salvation Army Thrift Store, etc.)
St. Louis MSA (MSA Population: 2.82M+)

Located along major thoroughfares and benefits from a captive built-in customer base in an area recognized for highly attractive demographics.
Excellent Access & Visibility at the intersection of MO-94 (74,741 VPD) & Harvester Road (17,372 VPD)

Executive Summary

The CBRE Net Lease Property Group is pleased to offer for sale the 71,499-square-foot Schnucks grocery store positioned on 6.19 acres in St. Charles, MO — part of the St. Louis MSA (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±10.9 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options.