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Two Tenant Retail - Saint Louis, MO 9070 W Florissant Ave 14,750 SF 66% Leased Retail Building Saint Louis, MO 63136 $1,650,000 ($111.86/SF)
INVESTMENT HIGHLIGHTS
- Value-Add: The property offers a value-add opportunity through the lease-up of a 5,000 SF vacancy, which attributes to 34% of the GLA.
- Major Retail Corridor: Positioned on a major retail corridor, W Florissant Ave, with strong traffic of 35,428 VPD.
- Dense Surrounding Population: The property has a population of 215,370 within a 5-mile radius.
- Built-In Appreciation: Family Dollar receives 10% rent bumps on the 5-year options, contributing to rent growth.
EXECUTIVE SUMMARY
Sands Investment Group is pleased to exclusively offer for sale the 14,750 SF two-tenant retail building located at 9070 W Florissant Avenue in St. Louis, MO. This property offers a value-add opportunity through the lease-up of a 5,000 SF vacancy, which attributes to 34% of the GLA.
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
In Cooperation With Sands Investment Group Missouri, LLC - Lic. #2019044754 BoR: Tom Gorman - Lic. MO #2023012377
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
14,750 SF
Building Class
B
Year Built
1994
Price
$1,650,000
Price Per SF
$111.86
Percent Leased
66%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.34
Lot Size
1.00 AC
Opportunity Zone
Yes
Zoning
C2 - General Commercial
Parking
68 Spaces (4.61 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Family Dollar
- Retailer
- 9,750 SF
- $14.33
- Triple Net
- Jan 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Family Dollar | Retailer | 9,750 SF | $14.33 | Triple Net | Jan 2030 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 5,000 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,000 SF | Retail | - | Now |
1st Floor
| Size |
| 5,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 12G-13-0411 | Improvements Assessment | $370,940 |
| Land Assessment | $80,830 | Total Assessment | $451,770 |
PROPERTY TAXES
Parcel Number
12G-13-0411
Land Assessment
$80,830
Improvements Assessment
$370,940
Total Assessment
$451,770
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Two Tenant Retail - Saint Louis, MO | 9070 W Florissant Ave
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