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Savers (NYSE: SVV) 2601 Highway K 38,685 SF Retail Building O'Fallon, MO 63368 $9,726,640 CAD ($251.43 CAD/SF) 6.63% Cap Rate
Executive Summary
Current Real Estate Advisors is pleased to present the opportunity to acquire Savers (the "Property"), an exceptionally well-located ±38,685 SF freestanding building situated on approximately 4.24 acres, located in O'Fallon (STL MSA), MO. The Property is strategically positioned along State Highway K (33.5K+ VPD) – connecting north to I-70 and south to I-64, for direct accessibility to the center of Downtown St. Louis.
The Property is secured by a newly inked net lease, with limited landlord responsibilities, with ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years (see Page 5), as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year.
The Property presents a unique opportunity for an astute investor to acquire a property with long term stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.
The Property is secured by a newly inked net lease, with limited landlord responsibilities, with ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years (see Page 5), as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year.
The Property presents a unique opportunity for an astute investor to acquire a property with long term stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
38,685 SF
Building Class
B
Year Built/Renovated
2007/2026
Price
$9,726,640 CAD
Price Per SF
$251.43 CAD
Cap Rate
6.63%
NOI
$645,043 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
4.24 AC
Zoning
C-2 - General Business District
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2-0067-A407-00-000A.0000000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,760,385 CAD |
Property Taxes
Parcel Number
2-0067-A407-00-000A.0000000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,760,385 CAD
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Savers (NYSE: SVV) | 2601 Highway K
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