1301 Un Blvd StSt. Louis, MO 63113

Property Details for 1301 Un Blvd St

Lot size

0.60 AC

Property size (Sq ft)

15,985 SF

Property type

Retail properties

Property subtype

Other retail properties

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.

Location Insight

City

St. Louis

County

State

Missouri

Latitude

38.6618

Longitude

-90.272

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