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Fresh Thyme Farmers Market 9920 Lin Ferry Dr 28,079 SF Retail Building Saint Louis, MO 63123 $10,686,968 ($380.60/SF) 7.75% Cap Rate
Investment Highlights
- Four Midwest Assets: Available Individually or as a Portfolio
- Meijer Subsidiary - Midwestern Grocer
- Minimal Landlord Responsibilities
- Long-Term Leases
- 3 of 4 Locations Have Upcoming 10% Bump
- Below Replacement Cost
Executive Summary
Midwest Fresh Thyme Portfolio is a four-asset, net-leased investment opportunity totaling 115,222 SF with a 5.6-year WALT, available individually or as a portfolio. The properties are leased to a Meijer subsidiary, a leading Midwestern grocer, and feature long-term leases with minimal landlord responsibilities. Three of the four locations have an upcoming 10% rent bump. The assets are located in prime, highly visible locations and are offered below replacement cost.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
28,079 SF
Building Class
B
Year Built
2017
Price
$10,686,968
Price Per SF
$380.60
Cap Rate
7.75%
NOI
$828,240
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
2.35 AC
Zoning
106CC
Parking
132 Spaces (4.75 Spaces per 1,000 SF Leased)
Frontage
275’ on Lin Ferry Dr
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Dec 2032
Fresh Thyme Market began in 2014 as a Midwest grocery chain founded by Chris Sherrell in Mount Prospect, Illinois. The company focuses on natural and organic foods, fresh produce, meat, grocery items, vitamins, body care, and wellness products, with an emphasis on local sourcing when possible. Fresh Thyme Market later shortened the name from Fresh Thyme Farmers Market and has maintained a regional presence across the Midwest through stores and online shopping options. The company also highlights a mission centered on fresh, healthy food and value, supported by pickup and delivery partnerships for digital shopping.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | Dec 2032 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 28K-44-0136 | Improvements Assessment | $684,480 |
| Land Assessment | $499,710 | Total Assessment | $1,184,190 |
Property Taxes
Parcel Number
28K-44-0136
Land Assessment
$499,710
Improvements Assessment
$684,480
Total Assessment
$1,184,190
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