1301 Un Blvd St St. Louis, MO 63113
- Retail properties
- 15,985 SF
- 0.60 lot acres
Current Use by Public Records
- Retail properties
Property Details for 1301 Un Blvd St
- Lot size
- 0.60 lot acres
- Property size
- 15,985 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
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.
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
- State
- Missouri
- Longitude
- -90.272
- Latitude
- 38.6618
