3720 Kingshighway Blvd St, St. Louis, MO 63115
- Retail properties & Spaces
- 14,820 SF
- 1.57 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 3720 Kingshighway Blvd St
- Year built
- 2005
- Lot size
- 1.57 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 3720 Kingshighway Blvd, St. Louis, MO 63115. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $400,000. Secured by a corporate guarantee from Walgreens Boots Alliance, this absolute triple-net (NNN) lease offers a passive investment structure with minimal landlord responsibilities. The tenant is responsible for all property taxes, insurance, and maintenance. With a remaining lease term of 5.4 years and ten 5-year renewal options, this investment provides long-term stability. Built in 2005, the single-story building sits on a 1.57-acre lot and benefits from high visibility at a signalized intersection with over 55,700 vehicles daily. The convenient drive-thru further enhances customer accessibility. The property's strategic location within the Mark Twain/I-70 Industrial neighborhood and proximity to the University of Missouri-St. Louis ensures a robust customer base. The property's location in St. Louis, Missouri, the second-largest city in the state, offers access to a diverse economy and a population of 268,347 within a 5-mile radius. The asking price is $5,334,000, translating to a price per square foot of $359.92. The property is zoned F. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a blue-chip tenant.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2514
- Latitude
- 38.6767
