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7521-7531 Watson Rd
Saint Louis, MO 63119
BioLife Plasma Services: St. Louis, MO · Retail Property For Sale
Investment Highlights
- Industry-Leading Biopharmaceutical Tenant
- Biolife is located adjacent to a Walmart Supercenter that has 1.8M visits per year and an Aldi with 408,000 visits per year
- Net Lease with Corporate Guaranty & Annual Rent Increases
Executive Summary
Located approximately 8 miles southwest of downtown St. Louis, BioLife Plasma Services is located along Watson Road/Old Route 66 (13,302 VPD), less than one mile northwest of its intersection with South Laclede Station Road, which provides access to I-44 (43,193 VPD). BioLife’s net lease features 3.9 years of term remaining with 2.00% annual increases throughout the remainder of primary term and in each of the three, 5-year renewal options. The lease is also backed by a corporate guaranty from Baxalta Incorporated — wholly-owned subsidiary of Takeda Pharmaceutical Co. Ltd. (S&P: BBB+).
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Property Type | Retail | Gross Leasable Area | 19,062 SF |
| Property Subtype | Department Store | No. Stories | 1 |
| Building Class | C | Year Built | 2016 |
| Lot Size | 1.87 AC | APN / Parcel ID | 24J-44-0298 |
| Zoning | C-1 | ||
| Property Type | Retail |
| Property Subtype | Department Store |
| Building Class | C |
| Lot Size | 1.87 AC |
| Gross Leasable Area | 19,062 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| APN / Parcel ID | 24J-44-0298 |
| Zoning | C-1 |
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