1301 Un Blvd St St. Louis, MO 63113
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High-yield NNN leased grocery store.
Property size:
15,985 SFProperty Features for 1301 Un Blvd St
General Information
- Property type
- Individual retail properties
- Square Feet
- 15,985 SF
- Lot Size
- 26,136 SF
Listing Agency: Colliers Listing Agent: Eric Carlton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a fee-simple, absolute NNN leased grocery store totaling 15,985 square feet, situated on a 0.6-acre lot at 1301 Union Blvd, St. Louis, MO 63113. The property boasts a strong 6.55% cap rate and a substantial net operating income (NOI) of $314,916. Currently 100% occupied by a Save-A-Lot grocery store under a 15.1-year lease (commencing January 3, 2020, and expiring January 31, 2035), with 10.2 years remaining, this investment offers significant long-term stability. The lease includes a crucial absolute NNN structure, eliminating landlord responsibilities. Built in 2019, this modern facility benefits from a prime location on a high-traffic intersection exceeding 36,000 vehicles per day, strategically positioned within a densely populated residential area with high retail demand. The asking price is $4,805,000, translating to a price per square foot of $300.59. The lease features rent bumps every five years, ensuring consistent income growth. This property represents a rare opportunity to acquire a well-positioned, high-performing grocery store investment in a major metropolitan area. The tenant is a subsidiary of a large private equity firm with substantial assets. This is a turnkey investment with minimal management requirements and significant long-term potential.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Map
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.272009
- Latitude
- 38.66181
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FAQs
What type of property is this?
Individual retail property - High-yield NNN leased grocery store.
Where is this individual retail property located?
The property is located at 1301 Un Blvd St St. Louis, MO.
What is the asking price?
The asking price for this property is $4,805,000.
What are key features of this property?
This property features: Fee-simple, absolute NNN leased grocery store; 15,985 SF on 0.6-acre lot; $4,805,000 asking price ($300.59/SF).; 10.2 years remaining on 15.1-year lease with Save-A-Lot; 6.55% cap rate; $314,916 NOI.; Located in St. Louis, MO, on a high-traffic intersection (36,000+ vehicles/day) in a densely populated area.
