8005 Florissant Ave Ste C Saint Louis, MO 63136-1452

Property Details for 8005 Florissant Ave Ste C

Lot size

3.35 lot acres

Zone code

31C-3

Property type

Community centers

APN

13G-4-4-026-1

APU

13G440261

Description

This 19,918 square foot shopping center in Jennings, Missouri presents a compelling value-add investment opportunity. Boasting a 7.25% cap rate and a strong 90% occupancy, the property generates a net operating income (NOI) of $405,698. Built in 2006, the center sits on a 3.35-acre lot and features a diverse tenant mix including City Gear (lease expiring 2028), Chiro One Wellness Centers (2034), Subway (2032), and Long Nails (2029). A significant advantage is its shadow-anchoring by a high-performing Schnucks Markets, a top 10% performer in their chain with sales exceeding $527 per square foot. Schnucks holds the #1 market share in the St. Louis MSA. The center benefits from a prime location less than five miles from Lambert International Airport and the I-70/I-170 interchange, experiencing high traffic volume of 220,000 vehicles per day. Its location at the intersection of Lucas-Hunt Road and West Florissant Avenue provides excellent visibility and accessibility, with 32,000 vehicles passing daily and four bus lines serving the area. Nine points of access ensure convenient ingress and egress. The property is situated in a densely populated area with 235,000 residents within a five-mile radius and an average household income of $60,000. The weighted average remaining lease term is 5.5 years, providing a predictable cash flow. This is the only large-scale retail development in the immediate area, creating significant barriers to entry for competitors. The asking price is $5,600,000.

Location Insight

City

Saint Louis

County

St. Louis

State

Missouri

Longitude

-90.2747

Latitude

38.7276

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments