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Savers 2601 Highway K 38,685 SF Retail Building O'Fallon, MO 63368 $9,826,810 CAD ($254.02 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.
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- Offering Memorandum
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
$9,826,810 CAD
Price Per SF
$254.02 CAD
Cap Rate
6.63%
NOI
$651,686 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 | $1,794,555 CAD |
Property Taxes
Parcel Number
2-0067-A407-00-000A.0000000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,794,555 CAD
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Savers | 2601 Highway K
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