6950 Parker Rd
Florissant, MO 63033
Bank of America · Retail Property For Sale

CBRE is pleased to exclusively offer the fee simple interest in a freestanding single tenant net lease Bank of America (the “Offering”) situated on 1.06 acres of land in St Louis, Missouri (Top 23 MSA | Population: 2.8 million). The Offering is subject to a Ground Lease featuring ±3 years of remaining lease term (Lease Exp. August 30, 2028) with an 12% rent increase in the each of the remaining 5-year options.
The Offering provides an incoming investor with the opportunity to acquire an asset with strong real estate fundamentals, no landlord responsibilities and an investment grade credit tenant with 17 years of tenure in the location. Originally built for Bank of America in 2008, the Offering is 100% occupied by one of the nation’s leading financial institutions. Publicly traded on the NYSE (Ticker- “BAC”) the tenant possesses an investment grade S&P Credit Rating of A+. Strategically positioned along the primary retail corridor, Parker Rd., near its intersection with Missouri Route 367 the property benefits from over 40,000 vehicles per day. The property is situated at an intersection with other prominent retailers including McDonald’s, Taco Bell, and an SSM Surgery Center, as well other national retailers nearby including CVS, Walgreens, BP Gas Station and QuikTrip. Additionally, there is a strong built-in customer base through two public schools (600+ students) a 485-bed regional hospital and over 2,500 multi-family units within 1.5 Mile radius of the property. Within a 3-mile radius of the Offering there are 54,819 residents with an avg. household income of $81,199.