1 Oaks Plz Saint Louis Mo 63121 St St. Louis, MO 63121
- Lifestyle centers
- 18.33 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1 Oaks Plz Saint Louis Mo 63121 St
- Year built
- 1962
- Lot size
- 18.33 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
North Oaks Plaza, a fee-simple, multi-tenant shopping center in St. Louis, Missouri, presents a compelling investment opportunity. This 268,893 square foot retail property, situated on 18.33 acres at the intersection of Natural Bridge Road and Lucas-Hunt Road, offers a strong 8.26% cap rate and a Net Operating Income (NOI) of $1,744,427. The property consists of five buildings, including three one-story retail structures and a three-story office building, totaling 68 units with 94.9% occupancy. The asking price is $21,130,000. Built in 1962, the center has undergone significant renovations in 1994, 2007, 2021, and 2023, including over $3,000,000 in improvements in 2021. These renovations encompassed upgrades to the GSA Social Security and Dedicated Senior Medical Center spaces, parking lot improvements, a new TPO roof for Save A Lot, and fresh paint throughout. Ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The property benefits from high visibility and multiple access points, including four entrances on Natural Bridge Road (11,295 vehicles per day), one of which is a semi-signalized intersection, and additional access via O’Neil Avenue. The property is zoned D and features rent bumps. The strong tenant base includes 68 credit-rated tenants. Nearby outlots include Walgreens and McDonald's, further enhancing the property's appeal. APN: 15H-63-1891, 15H540920.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.2911
- Latitude
- 38.7015
