8025 Florissant Ave, Jennings, MO 63136

This exceptional 110,439 square foot retail center in Jennings, Missouri, presents a compelling investment opportunity. Boasting a 7.85% cap rate and a strong 97% occupancy, the property generates a substantial net operating income (NOI) of $1,332,848. The center is anchored by a high-performing Schnucks grocery store, which recently extended its lease through 2031 and accounts for 57% of the gross leasable area (GLA) and 43% of gross income. Other major tenants include Foot Locker, Oak Street Health, Athletico, and Hibbett Sports, all with long-term leases, contributing to a weighted average remaining lease term of 6 years. This stable income stream, coupled with significant barriers to entry in this densely populated area, ensures a predictable cash flow. Located on a prominent 18.4-acre lot at 8025 W Florissant Ave, the center benefits from excellent visibility and accessibility, with three fully signalized points of access and high daily traffic counts from nearby highways I-70 and I-170, and major thoroughfares. The property's strategic location, less than five miles from Lambert-St. Louis International Airport and Copeland's headquarters, further enhances its appeal. The surrounding area boasts a population of 235,000 within a five-mile radius, with average household incomes of approximately $60,000, providing a robust customer base. Built in 2006, this center is the only large-scale retail development in its immediate vicinity, making it a dominant force in the community. The asking price is $16,995,000.