1925 Vernaci Dr
Washington, MO 63090
3152-3162 Phoenix Center Drive · Retail Property For Sale · 58,016 SF Total

CBRE National Retail Partners – Midwest is pleased to present the opportunity to acquire 100% fee interest in a 58,016-square-foot two-tenant center located in Washington, MO (“The Property”). The Property is currently 100% leased to Dick’s Sporting Goods and PetSmart. Dick’s Sporting Goods has been a tenant at the center since 2015 and recently exercised its first option period, extending the term through January 2031, while PetSmart has been operating at the location since 2017 and currently has two years remaining in its base term.
The Property is ideally situated as an anchor to Phoenix Center, a 216,567-square-foot open-air power center anchored by national retailers such as Ross Dress for Less, Marshalls, Dollar Tree, and Ulta Beauty. Phoenix Center is a prominent retail destination along Washington’s primary corridor on Highway 100, which sees over 22,000 vehicles pass through daily and serves as a regional hub for Franklin County, drawing customers from a wide trade area and supporting a robust retail environment.
CAN BE SOLD SEPARATELY OR AS A PORTFOLIO
Aspen Dental - 3155 Phoenix Center Drive, Washington MO | 3,500 SF | 4.5 Years Term Remaining | NOI: $105,875 | Price: $1,694,000 | CAP: 6.25%
Wendy's - 3161 Phoenix Center Drive, Washington MO | 3,038 SF | 9.75 Years Term Remaining | NOI: $105,000 | Price: $1,963,000 | CAP: 5.35%
Dick’s Sporting Goods and PetSmart 3152-3162 Phoenix Center Drive, Washington MO | 58,016 SF | 3.84 Years WALT | NOI: $719,359 | $10,277,000 | CAP: 7.00%
TOTAL PORTFOLIO: 64,554 SF | NOI: $930,234 | PRICE: $13,934,000