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Target 25 Brentwood Promenade Ct 153,579 SF 4-Star Retail Building Brentwood, MO 63144 For Sale

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INVESTMENT HIGHLIGHTS

  • Target has operated here since 1998, reflecting long-term stability.
  • Lease rate is ~$4.50/SF—about 60% under market.
  • Located in a top-three St. Louis retail center with over 5M annual visits.
  • Corporate ground lease with zero landlord responsibilities.
  • Ranks #1 in St. Louis and top 15% nationally for Target.
  • Anchors a 337,800 SF center with national co-tenants.

EXECUTIVE SUMMARY

CBRE’s Net Lease Property Group – Midwest is pleased to present, as exclusive advisor, a rare opportunity to acquire an absolute NNN Target Ground Lease. The asset is located within The Promenade at Brentwood, one of the most dominant open-air retail centers in the St. Louis (MSA).
Target anchors Promenade at Brentwood, a premier 337,800-square-foot shopping center alongside a curated mix of national tenants, including Trader Joe’s, Five Below, PetSmart, ULTA Beauty, World Market, Burlington, and Carter’s. Strategically situated in the St. Louis MSA, the 21st largest in the United States, with a population of approximately 2.8 million, The Promenade at Brentwood ranks among the top three shopping centers in the region for foot traffic, generating over 5 million annual visits. Target is currently paying approximately 60% less than market rents at $4.50 per square foot.
Target’s presence, under a ground lease structure, benefits from exceptional visibility, high-volume traffic, and synergy with surrounding tenants, making it a cornerstone of one of the area’s most sought-after retail destinations. With more than 2 million annual visits, this Target ranks as the 5th highest-performing location in Missouri out of 35 stores and places in the top 15% nationally. Locally, it holds the #1 spot among the 10 Target stores in the St. Louis area.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
153,579 SF
Building Class
B
LoopNet Rating
4 Star
Year Built
1998
NOI
$956,111 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.36
Lot Size
9.81 AC
Parking
650 Spaces (5.01 Spaces per 1,000 SF Leased)
Frontage
494’ on Brentwood Promenade Ct

AMENITIES

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Retailer
  • -
  • -
  • Feb 2028

People can find them — the Target Team — at their favorite store, in their community, across the country and around the world. There are many team members across the globe, all working together for one important reason … To help all families discover the joy of everyday life. That’s their purpose. Their mission. The promise of surprises, fun, ease and inspiration at every turn, no matter when, where or how people shop. That quest to bring joy is at the center of every business decision they make. It gets their teams excited to come to work each day. And they bring it to life in so many ways. Come on in and take a look around.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Retailer - - Feb 2028

NEARBY MAJOR RETAILERS

Starbucks
Trader Joe's
UMB Bank
Chase Bank
CIBC
Bonefish Grill
First Watch
First Bank
Dierbergs
Shred415

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
20K-24-2293
Land Assessment
$4,737,902 CAD
Improvements Assessment
$1,144,584 CAD
Total Assessment
$5,882,486 CAD
  • Listing ID: 38071642

  • Date on Market: 2025-10-14

  • Last Updated:

  • Address: 25 Brentwood Promenade Ct, Brentwood, MO 63144

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