Walgreens Pharmacy with Drive
2329 W Clay St, Saint Charles, MO 63301
17,612 SF Walgreens on 2.6 acres in Saint Charles.
Type:Retail
Property size:
17,612 SFLot size:
2.60 AcresPrice / SF:
$221/SF- Added:
- Apr 28, 2025
- Days on Market:
- 397
- Last Refresh:
- May 12 at 9:34 pm
Property Features for 2329 W Clay St
General Information
- Standard status
- Active
- Size
- 17,612 SF
- Lot size
- 2.60 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agent Gabriel Britti License #FL SL3211804
Listing office Marcus & Millichap - Issenberg Britti Group
Listing date Apr 28, 2025
Source Crexi
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 Marcus & Millichap - Issenberg Britti Group
HighLights
- New 15‑year absolute NNN lease with Walgreens
- 5% rental increases every 5 years
- Large 17,612 square foot building on an oversized 2.6‑acre parcel
- Located in Saint Charles, Missouri, the 9th most populous city in the state
- Drive‑thru pharmacy for customer convenience
- Surrounded by numerous apartment complexes and new home developments
Overview
This Walgreens Pharmacy with Drive Thru is located at 2329 W. Clay Street in Saint Charles, Missouri. The building has a larger format of 17,612 square feet and is situated on an oversized 2.6 acre parcel of land. Saint Charles is the county seat of Saint Charles County, Missouri, with a population of 70,493. It is located on the Missouri River and is a northwestern suburb of Saint Louis. Major employers in Saint Charles include Ameristar Casinos, Saint Joseph Health Center, Boeing, Lindenwood University, AT & T Missouri and Central States Coca Cola. Walgreens has signed a new 15 year absolute NNN Lease with 5 percent Rental Increases every 5 years. Numerous apartment complexes surround this Walgreens Property including Villa Roma Apartments, Courtland Ridge Apartments, Lago Vista Apartments, Cedarbrook Apartment Homes, Country Club Place, Glen at Bogey Hills, Metro on 5th, Crestview Apartments, St. Andrews Apartments and River Crossing Apartments. New home developments nearby include The Villages At Sandfort Farms with 253 Sold Homesites on 125 acres, Villages of Provence by Consort Homes, TR Hughes Homes Charlestown, and Charlestowne Landing by McBride. Colleges and universities nearby this Walgreens include John Thomas College (1,949 Enrolled Students), Lindenwood University (7,000 Enrolled Students), Allied College (653 Enrolled Students), St. Louis Community College (26,621 Enrolled Students) and Chamberlain University-St. Louis (25,569 Enrolled Students). Shopping centers nearby include Saint Charles Plaza, Mark Twain Village, Plaza at DePaul, Bridgeton Oaks Shopping Center and Dorsett Square. Walgreens has approximately 240,000 team members with 9,000 stores in all 50 states, The District of Columbia, Puerto Rico and the U.S. Virgin Islands. Walgreens is one of the nation’s largest drugstore chains within the U.S. Retail Pharmacy Segment of Walgreens Boots Alliance, Inc.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $448.0k | $25.44 |
| − Vacancy | −$20.2k | −$1.14 |
| EGI | $427.9k | $24.30 |
| − OpEx | −$107.0k | −$6.07 |
| NOI | $320.9k | $18.22 |
17,612 SF · lease $25.44/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$4.58M
$4.01M – $5.35M
NOI $320,915 @ 7.0% cap · market cap 8.24%
Second Best
Retail
$3.48M
$3.04M – $4.05M
NOI $243,259 @ 7.0% cap · market cap 6.25%
Theoretical Best
Warehouse
$4.66M
$4.08M – $5.44M
NOI $326,283 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Drug stores
Similar Places Nearby
- Schnucks Pharmacy — 1616 Trendley Ave, St Charles, MO 63301
- CVS — 2100 1st Capitol Dr, St Charles, MO 63301
- Walgreens Pharmacy — 2329 W Clay St, St Charles, MO 63301
- CVS Pharmacy — 1900 1st Capitol Dr, St Charles, MO 63301
- CVS Pharmacy — 2100 1st Capitol Dr, St Charles, MO 63301
Location Insight
- Map
- Local Demand
- City
- Saint Charles
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.5095291
- Latitude
- 38.7831697
Nearby Similar for Sale
FAQs
What type of property is this?
Drug store - 17,612 SF Walgreens on 2.6 acres in Saint Charles.
Where is this drug store located?
The property is located at 2329 W Clay St Saint Charles, MO.
What is the asking price?
The asking price for this property is $3,894,135.
What are key features of this property?
This property features: New 15‑year absolute NNN lease with Walgreens; 5% rental increases every 5 years; Large 17,612 square foot building on an oversized 2.6‑acre parcel
