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Schnucks 60 Harvester Sq 71,499 SF Retail Building Saint Charles, MO 63303 $6,862,300 ($95.98/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Part of the larger Schnucks Portfolio (8 Assets in MO & IL( - Seller is highly encouraging individual and portfolio offers.
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 Route 364 (37,411 VPD) & Harvester Road (17,372 VPD)

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+)

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 ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.