15069 Manchester Rd Ballwin, MO 63011

Property Details for 15069 Manchester Rd

Year built

1969

Lot size

0.70 lot acres

Property size

4,200 SF

Property type

Strip malls

Property subtype

Retail properties

Description

This exceptional retail investment opportunity presents a fully leased, two-tenant building totaling 4,200 square feet situated on a 0.7-acre lot in Ballwin, Missouri. The property, located at 15069 Manchester Road, benefits from a prime location on a major East-West artery with high visibility and traffic counts, shadow-anchored by a Super Target. The property features a strong tenant mix including Hi-Pointe Drive-In and Vapor 100, both with significant market presence. Hi-Pointe Drive-In operates under a brand new 15-year NNN lease with a corporate guarantee, including 10% rent increases every five years. Vapor 100, a prominent vape retailer, holds a lease expiring in March 2026, with a renewal option. The property boasts a 7.08% cap rate and a $1,471,428 asking price, with a Net Operating Income (NOI) of $104,225. Built in 1969 and renovated in 2023, the property offers significant long-term stability and growth potential due to the strength of its tenants, lease terms, and strategic location within a thriving retail corridor. The tenants have invested over $850,000 in recent improvements, demonstrating their commitment to the site. The surrounding area features a strong demographic profile, with a high average household income and proximity to excellent schools and universities. This is a rare opportunity to acquire a stabilized, Class A retail investment with minimal landlord responsibilities and substantial upside potential. The property is 100% occupied with a multi-tenant structure.

Location Insight

City

Ballwin

County

St. Louis

State

Missouri

Longitude

-90.5495

Latitude

38.5933