9801 Manchester Rd Saint Louis, MO 63119-1227

Property Details for 9801 Manchester Rd

Year built

2006

Lot size

1.95 lot acres

Property size

14,735 SF

Zone code

50C

Property type

Drug stores

APN

21L-2-1-131-4

APU

21L211314

Description

This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 9801 Manchester Rd, St. Louis, MO 63119. The property sits on a 1.95-acre lot and boasts 63 parking spaces. Built in 2006, this single-tenant, net-leased property offers a substantial 14-year remaining lease term (expiring 11/30/2038) with twelve 5-year renewal options, each including a 5% rent increase. The current annual net operating income (NOI) is $311,220, resulting in a compelling 6.10% capitalization rate. The asking price is $5,101,967, translating to $344.26 per square foot. This Walgreens enjoys excellent visibility and accessibility, situated along Manchester Road (10,722 vehicles per day), less than 10 miles west of downtown St. Louis. The property benefits from its location within Rock Hill's primary retail and commercial corridor, surrounded by a variety of national retailers and a strong population base within the St. Louis, MO-IL MSA (2.8M+ population). The property's strong tenant, long lease term, built-in rent increases, and prime location make it an attractive investment opportunity with significant potential for long-term returns. 100% occupancy ensures consistent cash flow.