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True NNN Lease- Downtown St. Louis Sav A Lot 15,985 SF Retail Building Saint Louis, MO 63113 $4,805,000 ($300.59/SF) 6.55% Cap Rate

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INVESTMENT HIGHLIGHTS

Newer Long Term 15 Yr. True NNN Corp. Lease (Fee) by Sav a Lot (Moran Foods) - Huge COVID Sales Growth
St. Louis MSA is 20th Largest in Nation along the Mississippi River - Huge Growth & Tourism (25M+)
Hard Corner Neighborhood Location - Synergistic Demo’s and Huge Retail Demand - Zero LL Duties

Rare 5% Rent Bumps Every 5 Years for Single Tenant Grocery Asset - 2019 Modern Prototype Bldg.
Strong Lease Guarantee - Subsidiary Brand of Onex Capital (Private Equity Firm) - $39B+ in Assets

EXECUTIVE SUMMARY

We are pleased to offer to qualified investors an opportunity to purchase fee simple, an absolute NNN leased investment occupied by Save-A-Lot grocer on a new 15 year lease just outside Downtown St. Louis, MO. This brand new 2019 construction, is located on a highly trafficked intersection seeing over 36,000 VPD, and is ideally positioned to take advantage of the dense residential infill surrounding the subject property as well as benefit from the areas high retail demand. This is an excellent opportunity to purchase a corporate signed absolute NNN lease, located just outside one of the largest cities in the U.S.,
surrounded by dense residential infill ideal for the tenant’s use, on a brand new 15 year lease with zero landlord responsibilities.

PROPERTY FACTS

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Freestanding

Building Size

15,985 SF

Building Class

Year Built

2019

Price

$4,805,000

Price Per SF

$300.59

Cap Rate

6.55%

NOI

$314,916

Tenancy

Single

Building Height

1 Story

Building FAR

0.20

Lot Size

1.80 AC

Opportunity Zone

Yes

Zoning

Parking

81 Spaces (5.07 Spaces per 1,000 SF Leased)

Frontage

405’ on Union Boulevard

MAJOR TENANTS

Retailer
15,985 SF
$19.70
Triple Net
Jan 2035

Save A Lot is one of the largest discount grocers in the country, committed to providing customers with quality products at everyday low prices. Shoppers will find fresh produce, in-store cut meat, and exclusive award-winning brands that help save money. The store also offers a wide selection of popular national brands. Save A Lot focuses on keeping costs low, so customers can maximize their spending power. With a select assortment of around 1,800 frequently purchased products, they reduce the need for excess space and eliminate slow-moving items from their distribution. This streamlined approach enables them to pass the savings directly on to their customers, ensuring high-quality groceries at affordable prices every day of the week.