New Save-A-Lot Grocery
For Sale
Contact for pricing
1301 Union Blvd, Saint Louis, MO 63113
NNN leased investment opportunity near Downtown St. Louis, MO.
Property Size15,985 SF
Price / SF$300.59
Days on Market2019
Property Features for 1301 Union Blvd
General Information
Standard status
Active
Size
15,985 SF
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$314,916
Building Details
Tenancy
Single
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Eric Carlton · License #CA 01809955
(949) 724-5561
Source:
Crexi
Added: Apr 6, 2021
Changed: Oct 6
Last Checked: Oct 14 at 9:54PM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
This is an opportunity to purchase a fee simple, absolute NNN leased investment occupied by a Save-A-Lot grocer. The property is under a new 15-year lease and is located just outside Downtown St. Louis, MO. Constructed in 2019, the property is positioned on a highly trafficked intersection with over 36,000 vehicles per day. The location is designed to benefit from the surrounding dense residential area and high retail demand. The corporate-signed absolute NNN lease offers zero landlord responsibilities. The property is suitable for the tenant's use due to its location outside one of the largest cities in the U.S. and its proximity to a dense residential area. The property size is 15985 square feet.
Key Highlights
- Absolute NNN Lease: Corporate signed lease means zero landlord responsibilities.
- New 15‑Year Lease: Enjoy long‑term, stable income.
- New 2019 Construction: Minimizes potential maintenance costs.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$215,034
Cap Rate
4.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,300,680
$4.3M
Cap Rate 7%
$3,071,914
$3.1M
Cap Rate 9%
$2,389,267
$2.4M
Market Conditions
NOI Build-Up for 15,985 SF
Gross rent
$356.8K $22.32/SF
− Vacancy
−$49.6K −$3.10/SF
EGI
$307.2K $19.22/SF
− OpEx
−$92.2K −$5.77/SF
NOI
$215.0K $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%
$4,300,680
Cap Rate 7%
$3,071,914
Cap Rate 9%
$2,389,267
Alternative Uses
Best Use
Retail
$3.07M
$2.69M – $3.58M
NOI $215,034 @ 7.0% cap · market cap 4.48%
Second Best
Specialty Retail
$981.4K
$858.7K – $1.14M
NOI $68,696 @ 7.0% cap · market cap 1.43%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,146 @ 7.0% cap · market cap 5.00%
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
825
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 100%
Save-A-Lot
Groceries
9,556 visits/mo
0.1 miles
Demographics for 63113, MO
10,882
Population
7,400
Households
1.5
Avg Household Size
41
Median Age
17%
College-Educated
84%
High-School Grad
2.6 sq mi
ZIP Area
4,185
Density / Sq Mi
$38,647
Median Household Income
$29,648
Median Earnings
$914
Median Rent
$75,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Soll's Gateway Market — 1206 Kingshighway Blvd, St. Louis, MO 63113
- Save A Lot — 1301 Union Blvd, St. Louis, MO 63113
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - NNN leased investment opportunity near Downtown St. Louis, MO.
Where is this grocery and convenience store located?
The property is located at 1301 Union Blvd Saint 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: Absolute NNN Lease: Corporate signed lease means zero landlord responsibilities.; New 15‑Year Lease: Enjoy long‑term, stable income.; New 2019 Construction: Minimizes potential maintenance costs.
