8025 Florissant Ave Jennings, MO 63136

Property Details for 8025 Florissant Ave

Year built

2006

Lot size

18.40 lot acres

Property size

110,439 SF

Property type

Retail properties

Property subtype

Restaurants

Description

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.

Location Insight

City

Jennings

County

St Louis

State

Missouri

Longitude

-90.2748

Latitude

38.7298