Four-Tenant Shopping
11978 Saint Charles Rock Road, Bridgeton, MO 63044
For Sale
Contact for pricing
Multi-tenant retail space is fully leased, with a 9.24-year weighted average lease term.
Property Size80,521 SF
Price / SF$182.01
Days on Market25
Property Features for 11978 Saint Charles Rock Road
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Anchor Co-Tenants
Tenant in Place
Building Details
Tenancy
Listing Agency:
CBRE - Saint Louis
Listed By:
Chase Young · License #MO 2007-033328
(314) 655-6062
Source:
Crexi
Added: Oct 16
Changed: Nov 8
Last Checked: Nov 8 at 3:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Saint Louis
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Investment Insights
Based on property information with market context.
Hilltop Plaza is an 80,521-square-foot shopping center occupied by four retail tenants: Marshalls, Ross Dress For Less, Burlington and Shoe Dept. Encore. The property is 100% leased, with a weighted average lease term of 9.24 years. Marshalls carries an S&P rating of A, Ross Dress For Less is rated A-, and Burlington is rated BB+; the ratings are identified as investment grade for Marshalls and Ross Dress For Less.
The center is on Saint Charles Rock Road in Bridgeton, Missouri. The surrounding area has a residential population of 45,169 within three miles.
The center is on Saint Charles Rock Road in Bridgeton, Missouri. The surrounding area has a residential population of 45,169 within three miles.
Key Highlights
- 80,521‑square‑foot shopping center
- Four retail tenants: Marshalls, Ross Dress For Less, Burlington and Shoe Dept. Encore
- 100% leased with a 9.24‑year weighted average lease term
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,083,190
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,663,800
$21.7M
Cap Rate 7%
$15,474,143
$15.5M
Cap Rate 9%
$12,035,444
$12.0M
Market Conditions
NOI Build-Up for 80,521 SF
Gross rent
$1.80M $22.32/SF
− Vacancy
−$249.8K −$3.10/SF
EGI
$1.55M $19.22/SF
− OpEx
−$464.2K −$5.77/SF
NOI
$1.08M $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$21,663,800
Cap Rate 7%
$15,474,143
Cap Rate 9%
$12,035,444
Alternative Uses
Best Use
Retail
$15.47M
$13.54M – $18.05M
NOI $1,083,190 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$17.28M
$15.12M – $20.16M
NOI $1,209,686 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,443
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 63044, MO
10,587
Population
4,634
Households
2.3
Avg Household Size
43
Median Age
37%
College-Educated
90%
High-School Grad
16.7 sq mi
ZIP Area
634
Density / Sq Mi
$76,094
Median Household Income
$45,822
Median Earnings
$1,093
Median Rent
$232,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Multi-tenant retail space is fully leased, with a 9.24-year weighted average lease term.
Where is this shopping center located?
The property is located at 11978 Saint Charles Rock Road Bridgeton, MO.
What is the asking price?
The asking price for this property is $14,656,000.
What are key features of this property?
This property features: 80,521‑square‑foot shopping center; Four retail tenants: Marshalls, Ross Dress For Less, Burlington and Shoe Dept. Encore; 100% leased with a 9.24‑year weighted average lease term
