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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
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.
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
Building Size
15,985 SF
Building Class
B
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
F
Parking
81 Spaces (5.07 Spaces per 1,000 SF Leased)
Frontage
405’ on Union Boulevard
Amenities
- Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- 15,985 SF
- $19.70
- Triple Net
- Jan 2035
Save A Lot began in 1977 as a discount grocery concept built around value, fresh food, and a smaller-store format. The company now operates as a value-focused grocery chain with a broad assortment that includes fresh produce, meat cut in store, pantry staples, national brands, and exclusive private-label items. Save A Lot also serves independent retail partners through a networked store model that supports local operators while maintaining a consistent grocery offer. The company maintains a significant U.S. presence across numerous stores in many states, reflecting a continued focus on everyday grocery shopping and affordable pricing.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | 15,985 SF | $19.70 | Triple Net | Jan 2035 |
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 6
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