1608 Broadway St St. Louis, MO 63104

This exceptional investment opportunity presents a 5,610 square foot, fee-simple interest storefront located at 1608 S Broadway, St. Louis, MO 63104. The property is currently 100% occupied by a Sherwin-Williams store under a Net Lease agreement with a credit-rated, corporate guarantor. The lease commenced January 31, 2023, and has a remaining term of approximately 8.2 years, expiring January 31, 2033, with two 5-year lease options. Rent bumps of 7.70% are built in every five years. The property boasts a strong Net Operating Income (NOI) of $60,966, yielding a 7.00% cap rate on the asking price of $871,000. Built in 1970, this Class B building sits on a 0.48-acre lot within a dense retail corridor, featuring 6.1 million square feet of retail space within a two-mile radius. Its strategic location is less than 0.25 miles from I-55, a major highway with a daily vehicle count of 127,400. The area also benefits from a significant industrial presence, with 14.6 million square feet within two miles, and proximity to the Union Pacific Lesperance Yard, a busy rail yard. The property's location is further enhanced by a densely populated area, with 225,977 residents within a five-mile radius. This stabilized, institutional-grade investment is ideal for a 1031 exchange. The tenant, Sherwin-Williams, is a Fortune 500 company with a BBB credit rating (S&P) and over $20 billion in annual revenue, demonstrating financial strength and long-term stability. This is a rare opportunity to acquire a high-performing, net-leased property in a prime St. Louis location.