Retail Property Near Industrial
For Sale
Contact for pricing
3720 N Kingshighway Blvd, Saint Louis, MO 63115
Retail property with drive-thru, high visibility, and strong traffic.
Property Size14,820 SF
Lot Size1.57 Acres
Price / SF$359.92
Days on Market593
Property Features for 3720 N Kingshighway Blvd
General Information
Standard status
Active
Size
14,820 SF
Lot size
1.57 Acres
Property subtype
RETAIL
Listing Agency:
CBRE - El Segundo
(310) 363-4900
Listed By:
Kent Presson · License #02076597
(916) 471-8780
Source:
Moodyscre
Added: Mar 10, 2025
Changed: Oct 14
Last Checked: Oct 23 at 8:12AM
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 - El Segundo
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Investment Insights
Based on property information with market context.
This retail property benefits from its location on the hard, signalized corner of Natural Bridge Ave & Kingshighway Blvd, which has combined daily traffic counts exceeding 55,700 vehicles per day. The property also features a dedicated drive-thru, which adds convenience and increases sales. The property is adjacent to the Mark Twain/I-70 Industrial neighborhood, which features prominent employers including Pepsi Beverages, Triad Manufacturing Inc, Clark Logistic Services, and Shapiro Metal Supply. This industrial neighborhood increases daytime population and traffic near the property. The University of Missouri-St. Louis (USML) is located less than 5 miles away. Student enrollment exceeds 15,200 with 680 full-time academic staff members. The property size is 14,820 square feet.
Key Highlights
- Corporately guaranteed lease by Walgreens Boots Alliance, a top 10 US retailer.
- High visibility location on a hard, signalized corner with 55,700+ vehicles per day.
- Features a dedicated drive‑thru, enhancing customer convenience.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$199,363
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,987,260
$4.0M
Cap Rate 7%
$2,848,043
$2.8M
Cap Rate 9%
$2,215,144
$2.2M
Market Conditions
NOI Build-Up for 14,820 SF
Gross rent
$330.8K $22.32/SF
− Vacancy
−$46.0K −$3.10/SF
EGI
$284.8K $19.22/SF
− OpEx
−$85.4K −$5.77/SF
NOI
$199.4K $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%
$3,987,260
Cap Rate 7%
$2,848,043
Cap Rate 9%
$2,215,144
Alternative Uses
Best Use
Retail
$2.85M
$2.49M – $3.32M
NOI $199,363 @ 7.0% cap · market cap 3.74%
Second Best
Specialty Retail
$909.8K
$796.1K – $1.06M
NOI $63,689 @ 7.0% cap · market cap 1.19%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,644 @ 7.0% cap · market cap 4.17%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 38%
Dining 32%
Groceries 16%
Shops & Services 13%
McDonald's
Dining
22,069 visits/mo
0.5 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.1 miles
Schnucks
Groceries
12,829 visits/mo
0.0 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.2 miles
Hampton Inn St. Louis-Downtown at the Gateway Arch
Hotels & Casinos
6,458 visits/mo
0.4 miles
Demographics for 63115, MO
16,056
Population
10,208
Households
1.6
Avg Household Size
42
Median Age
14%
College-Educated
85%
High-School Grad
4.3 sq mi
ZIP Area
3,734
Density / Sq Mi
$31,898
Median Household Income
$31,467
Median Earnings
$928
Median Rent
$61,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Todd Loeffler — 4140 South Broadway, St. Louis, MO 631184604
- BJC Behavioral Health Pharmacy — 1430 Olive St # 500, St. Louis, MO 63103
- Lori A. Buss, PharmD — 1430 Olive St, St. Louis, MO 63103
- Genoa Healthcare — 1430 Olive St Room P, St. Louis, MO 63103
- Jeanette Korpecki — 1430 Olive St # 500, St. Louis, MO 631032303
Frequently Asked Questions
What type of property is this?
Drug store - Retail property with drive-thru, high visibility, and strong traffic.
Where is this drug store located?
The property is located at 3720 N Kingshighway Blvd Saint Louis, MO.
What is the asking price?
The asking price for this property is $5,334,000.
What are key features of this property?
This property features: Corporately guaranteed lease by Walgreens Boots Alliance, a top 10 US retailer.; High visibility location on a hard, signalized corner with 55,700+ vehicles per day.; Features a dedicated drive‑thru, enhancing customer convenience.
