Walmart Shadow-anchored Retail Strip
For Sale
Contact for pricing
405 N State St, Desloge, MO 63628
A 100% occupied, triple-net retail strip center anchored by a Rent-A-Center with long-term service tenants.
Property Size10,075 SF
Lot Size1.04 Acres
Price / SF$218.52
Days on Market142
Property Features for 405 N State St
General Information
Standard status
Active
Size
10,075 SF
Lot size
1.04 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$170,622
Site & Location
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
7.75%
Building Details
Year Built
2003
Buildings
1
Units
4
Tenancy
Multi
Listing Agency:
Marcus & Millichap
Listed By:
Alex Perez · License #MO 2005038930
(314) 889-2500
Source:
Crexi
Added: Apr 17
Changed: Aug 8
Last Checked: Jul 31 at 12:00PM
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
Investment Insights
Based on property information with market context.
Located at 405 N State St, Desloge, Missouri, the Desloge Center is a 10,075-square-foot retail strip center built in 2003 on a 1.04-acre site. The property is 100% occupied and includes a Walmart shadow-anchored configuration, with Rent-A-Center occupying 50% of the GLA and serving as a tenant since 2011. The complementary tenant mix includes Verizon, L&V Nails, and Cricket Wireless.
Tenancies reflect longstanding stability, with an overall average tenant tenure of more than 11 years and 88% of the rent roll consisting of national credit. All tenants operate under triple net lease structures, with each tenant responsible for its proportionate share of real estate taxes, insurance, and common area maintenance.
The Desloge Center is positioned in the heart of Desloge’s primary retail corridor, directly in front of a Walmart Supercenter that generates more than 2.5 million annual visits, as reported by Placer A.I. The property sits just off U.S. Highway 67 and N Desloge Drive, where combined traffic counts exceed 40,000 vehicles per day, and it offers multiple points of ingress and egress. Recent area retail strength includes the 2025 opening of a new ALDI grocery store directly adjacent to the property.
Tenancies reflect longstanding stability, with an overall average tenant tenure of more than 11 years and 88% of the rent roll consisting of national credit. All tenants operate under triple net lease structures, with each tenant responsible for its proportionate share of real estate taxes, insurance, and common area maintenance.
The Desloge Center is positioned in the heart of Desloge’s primary retail corridor, directly in front of a Walmart Supercenter that generates more than 2.5 million annual visits, as reported by Placer A.I. The property sits just off U.S. Highway 67 and N Desloge Drive, where combined traffic counts exceed 40,000 vehicles per day, and it offers multiple points of ingress and egress. Recent area retail strength includes the 2025 opening of a new ALDI grocery store directly adjacent to the property.
Key Highlights
- 10,075 SF Walmart shadow anchored retail strip center in Desloge, MO built in 2003 on a 1.04‑acre site
- 100% occupied: Rent‑A‑Center occupies 50% of GLA and has been a tenant since 2011
- Tenant mix includes Verizon, L&V Nails, and Cricket Wireless, in addition to Rent‑A‑Center
Property Analytics
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
Explore this area
Business Placement
Demographics for 63628, MO
16,373
Population
6,183
Households
2.6
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
120.2 sq mi
ZIP Area
136
Density / Sq Mi
$59,237
Median Household Income
$34,726
Median Earnings
$698
Median Rent
$171,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Strip mall - A 100% occupied, triple-net retail strip center anchored by a Rent-A-Center with long-term service tenants.
Where is this strip mall located?
The property is located at 405 N State St Desloge, MO.
What is the asking price?
The asking price for this property is $2,201,577.
What are key features of this property?
This property features: 10,075 SF Walmart shadow anchored retail strip center in Desloge, MO built in 2003 on a 1.04‑acre site; 100% occupied: Rent‑A‑Center occupies 50% of GLA and has been a tenant since 2011; Tenant mix includes Verizon, L&V Nails, and Cricket Wireless, in addition to Rent‑A‑Center
