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Desloge Centre 405 N State St 10,075 SF 100% Leased Retail Building Desloge, MO 63601 $3,009,424 CAD ($298.70 CAD/SF) 7.75% Cap Rate
Investment Highlights
- Walmart Shadow Anchored Retail Strip
- National Credit Tenancy - 88% of GLA
- 2.5 Million Annual Visits - Top 30% Nationwide
- Dominant Retail Location - 40,000 VPD
Executive Summary
Built in 2003 on a 1.04-acre site, the Property is 100% occupied and anchored by Rent-A-Center who occupies 50% of the GLA and has been a tenant since 2011. The complementary mix of service-oriented tenants also includes Verizon, L&V Nails, and Cricket Wireless. The property enjoys long-standing tenure and excellent historical occupancy, with an overall average tenant tenure of more than 11 years and 88% of the rent roll consisting of national credit.
The Desloge Center is strategically positioned in the heart of Desloge, Missouri’s primary retail corridor, directly in front of a high-performing Walmart Supercenter that generates more than 2.5 million annual visits (top 30% nationwide per Placer A.I.). Located just off U.S. Highway 67 and N Desloge Drive (with combined traffic counts exceeding 40,000 vehicles per day), the property benefits from excellent visibility, multiple points of ingress/egress, and strong regional accessibility. Desloge sits roughly 60 miles south of St. Louis and serves a broader trade area supported by nearby towns such as Park Hills and Farmington. The area continues to strengthen with the recent opening of a new ALDI grocery store directly adjacent to the property in 2025, further enhancing the convenience-oriented retail node. This Walmart-shadowed location, surrounded by other national retailers, provides a steady flow of daily shoppers and supports the long-term performance of service-based tenants.
All tenants include triple net lease structures with each tenant being responsible for its proportionate share of real estate taxes, insurance, and common area maintenance.
The Property is offered free and clear of debt at a 7.75% cap rate totaling $2,201,577.
Property Facts
Major Tenants Click Here to Access
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- SF Occupied
- Rent/SF
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Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.
- KT Cellular
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- L & V Nails
- Retailer
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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| KT Cellular | Information | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| L & V Nails | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 06-90-30-00-000-0021.09 | Improvements Assessment | $236,664 CAD |
| Land Assessment | $111,616 CAD | Total Assessment | $348,279 CAD |
Property Taxes
Presented by
Desloge Centre | 405 N State St
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