187 Carondelet Plz Clayton, MO 63105
- Lifestyle centers
- 26,637 SF
Current Use by Public Records
- Kaldi's Coffee / Coffee Shop / Cafe
- Clayton Fire Door Inspections / Building Inspector / Fire Protection Service
Property Details for 187 Carondelet Plz
- Year built
- 2008
- Property size
- 26,637 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
Exceptional investment opportunity in the heart of Clayton, Missouri, this 26,637 square foot, single-story retail condominium boasts a 100% occupancy rate and a strong NOI of $952,355, generating a 7.62% cap rate. The property, built in 2008, features a diverse mix of tenants including a PNC Bank with a drive-thru ATM and 801 Chophouse, a high-performing restaurant with significant sales. These anchor tenants, occupying 58% of the revenue and 52% of the gross leasable area (GLA), have long-term leases extending well into the future. The property includes 84 covered parking spaces in an adjacent garage, providing ample convenience for customers. Situated at the base of a luxury residential condominium, the Shoppes at the Crescent benefits from a high daytime population and proximity to affluent residential areas. Its location at the lighted intersection of Carondelet Plaza and Hanley Road ensures high visibility and accessibility. The property's strategic location, strong tenant mix, and impressive financial performance make it an ideal investment for discerning buyers seeking a stable, high-return asset in a prime St. Louis market. The asking price is $12,500,000. The property consists of ten units across one building and is classified as a Core+ investment. APN numbers are 18J111700
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clayton
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.3334
- Latitude
- 38.6487
