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Jennings Shops – Plaza on the Boulevard 8005 W Florissant 19,918 SF 90% Leased Retail Building Saint Louis, MO 63136 $4,806,000 ($241.29/SF) 8.50% Cap Rate

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Investment Highlights

  • 90% Occupied with All Tenants on NNN Leases
  • Strategically Located in a Dense Retail Hub
  • City Gear Ranked in 93rd Percentile Nationwide for Visits with 48.8K Visits in Foot Traffic in 2024 and 2025, per Placer.ai
  • Offered Free & Clear of Existing Financing
  • City Gear Sales of $3MM in 2024
  • Densely Populated Infill; High Barriers to Entry with a Population of +255,500 in 5 Mile Radius

Executive Summary

This value-add opportunity features a 90% occupied multi-tenant retail asset with all tenants on NNN leases, delivered free and clear. The site is strategically positioned within a dense, high-barrier-to-entry retail hub with a population of +255,500 in a 5-mile radius. Jennings Shops - Plaza on the Boulevard benefits from excellent visibility at a major signalized intersection and is part of the Buzz Westfall Plaza on the Boulevard Shopping Center, which ranks in the 91st percentile for local visits within a 15-mile radius with 3MM annual visits, per Placer.ai. The property is less than 2 miles from I-70 (78,670 VPD) and is dual grocery shadow-anchored by dominant grocers Aldi and Schnucks which ranks in the 94th percentile nationwide and 97th percentile in Missouri with 1.1MM annual visits.
The City Gear tenant generated $3MM in 2024 sales, ranking in the 93rd percentile nationwide for foot traffic with 48.8K visits across 2024 and 2025. The site is adjacent to Copeland’s corporate headquarters (±18,000 global employees) and is surrounded by a densely populated residential area with +4,000 multifamily units in a 2 mile radius. The property sits just 6.6 miles from St. Louis Lambert International Airport, which served over 15.9MM passengers in 2024.
Watch Property Video: https://vimeo.com/1148033220

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
19,918 SF
Building Class
B
Year Built
2006
Price
$4,806,000
Price Per SF
$241.29
Cap Rate
8.50%
NOI
$408,504
Percent Leased
90%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
3.35 AC
Opportunity Zone
Yes
Zoning
C3 - Allows for most ordinary commercial uses, including large-format retail, community shopping centers, and service commercial.
Parking
60 Spaces (2.75 Spaces per 1,000 SF Leased)
Frontage
135’ on W Florissant

Amenities

  • Signage

Major Tenants Click Here to Access

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Chiro1
  • Health Care and Social Assistance
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • City Gear
  • -
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Professional, Scientific, and Technical Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

H&R Block, Inc. is a tax preparation and financial services company headquartered in Missouri. Founded in 1955 by brothers Henry W. Bloch and Richard Bloch, the firm has grown into one of the most recognizable brands in consumer tax services. The company operates in the United States, Canada, and Australia through a network of retail offices, franchise locations, online filing platforms, and hybrid digital-assisted tax solutions. Its primary offerings include individual tax preparation, small-business tax services, do-it-yourself filing software, and year-round advisory support. Additional services include refund transfers, prepaid debit products, identity protection plans, and bookkeeping and payroll solutions for small businesses. H&R Block also provides financial tools such as the Emerald Prepaid Mastercard and refund advance loans. The company serves millions of taxpayers annually and maintains a significant seasonal workforce to support tax-season.

  • Long Nails
  • Services
  • 99,999 SF
  • -
  • -
  • Jan 0000
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • -
  • Jan 0000

Subway is a global quick-service restaurant brand specializing in made-to-order submarine sandwiches, wraps, salads, and related menu items. The company was founded in 1965 in Bridgeport, Connecticut, by Fred DeLuca with financing from Peter Buck, initially operating as Pete’s Super Submarine Sandwiches before adopting the Subway name. Subway transitioned to a franchised business model in the 1970s, becoming one of the most widely distributed restaurant brands worldwide.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Chiro1 Health Care and Social Assistance 99,999 SF - Lorem Ipsum Jan 0000
City Gear - 99,999 SF - - Jan 0000
Professional, Scientific, and Technical Services 99,999 SF - Lorem Ipsum Jan 0000
Long Nails Services 99,999 SF - - Jan 0000
Accommodation and Food Services 99,999 SF - - Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • I1
  • 2,000 SF
  • Retail
  • End Cap
  • Now
Space Size Space Use Position Available
I1 2,000 SF Retail End Cap Now

I1

Size
2,000 SF
Space Use
Retail
Position
End Cap
Available
Now

Nearby Major Retailers

PNC Bank
Chase Bank
Midland States Bank
U.S. Bank
Schnucks
Rent-A-Center

Property Taxes

Property Taxes

Parcel Number
13G-44-0261
Land Assessment
$224,060
Improvements Assessment
$830,880
Total Assessment
$1,054,940
  • Listing ID: 38985916

  • Date on Market: 1/6/2026

  • Last Updated:

  • Address: 8005 W Florissant, Saint Louis, MO 63136

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