10004 Gravois Rd St Louis, MO 63123

This exceptional 5,453 square foot retail center, located at 10004 Gravois Rd, St. Louis, MO 63123, presents a compelling value-add opportunity. The single-story, 1960-built property sits on a 0.52-acre lot with 27 parking spaces and is zoned C2. Currently 31% occupied, with leases extending to 3/31/2029, this multi-tenant building boasts three units suitable for grocery, pharmacy/drug, and storefront uses. Recent renovations include new electrical systems, HVAC, roof, plumbing, and parking lot. The property benefits from a high-traffic location at a signalized intersection, enjoying visibility to over 20,000 vehicles daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, it's conveniently located a 25-minute drive from downtown St. Louis and St. Louis Lambert International Airport. A key asset is a stable NNN corporate lease with ACE Cash Express, featuring 10% rental increases every five years and multiple renewal options. The asking price is $999,000, translating to $183 per square foot. This property offers significant upside potential for investors seeking a strong return in a prime St. Louis location. The APN is 26J-43-1214.