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6411 Gravois Ave
Saint Louis, MO 63116
Walgreens · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Double Net Lease (NN) | Limited Landlord Responsibilities
- 13,035 Square Foot building situated on 0.68 Acres of Land
- 10% Rental Escalations At Each Option
- Located At A Signalized Hard Corner Intersection Which Sees Over 27,900 Vehicles Per Day
- Lease is Corporately Guaranteed by Walgreens Corp.| S&P “BBB”
- Brand New Roof - 2022; Brand New Parking Lot - 2023
EXECUTIVE SUMMARY
Double Net Lease (NN) | Limited Landlord Responsibilities
Located At A Signalized Hard Corner Intersection Which Sees Over 27,900 Vehicles Per Day
13,035 Square Foot building situated on 0.68 Acres of Land
Lease is Corporately Guaranteed by Walgreens Corp.|S&P “BBB”
Densely Populated Neighborhood - Population within 5 miles Exceeds 324,000 Residents
Average Household Income of Nearly $70,000 Within 1 Mile
10% Rental Escalations At Each Option
Brand New Roof - 2022; Brand New Parking Lot - 2023
Tenant Has Occupied Site Since 1986 Showing Firm Commitment To This Location
Located At A Signalized Hard Corner Intersection Which Sees Over 27,900 Vehicles Per Day
13,035 Square Foot building situated on 0.68 Acres of Land
Lease is Corporately Guaranteed by Walgreens Corp.|S&P “BBB”
Densely Populated Neighborhood - Population within 5 miles Exceeds 324,000 Residents
Average Household Income of Nearly $70,000 Within 1 Mile
10% Rental Escalations At Each Option
Brand New Roof - 2022; Brand New Parking Lot - 2023
Tenant Has Occupied Site Since 1986 Showing Firm Commitment To This Location
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Drug Store
Building Size
13,035 SF
Building Class
B
Year Built
1986
Price
$2,796,134 CAD
Price Per SF
$214.51 CAD
Cap Rate
6.50%
NOI
$181,749 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.44
Lot Size
0.68 AC
Zoning
F, Saint Louis
Parking
25 Spaces (1.92 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 6171-00-0015-0 | Improvements Assessment | $386,370 CAD |
| Land Assessment | $79,953 CAD | Total Assessment | $466,323 CAD |
PROPERTY TAXES
Parcel Number
6171-00-0015-0
Land Assessment
$79,953 CAD
Improvements Assessment
$386,370 CAD
Total Assessment
$466,323 CAD
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