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Schnucks 7450 Hampton Ave 51,486 SF Retail Building Saint Louis, MO 63109 $9,263,151 CAD ($179.92 CAD/SF) 6.25% Cap Rate

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INVESTMENT HIGHLIGHTS

Part of the larger Schnucks Portfolio (8 Assets in MO & IL) - Seller is encouraging individual and portfolio offers
Benefits from a competitively isolated pocket with only 2 small-format grocers located within a mile: Aldi (1 mile E) and Save a Lot (1 mile SE)
Walgreens, CVS & McDonald's are also located at the intersection.

The site has operated since 1963 and boasts an operating history of 60+ years.
Positioned at the intersection of Gravois Avenue and Hampton Avenue, which serve as major feeder roads to two of St. Louis' primary highways (44 & 55)
St. Louis MSA (MSA Population: 2.82M+)

EXECUTIVE SUMMARY

The CBRE Net Lease Property Group is pleased to offer for sale the 51,486-square-foot Schnucks grocery store positioned on 4.93 acres in St. Louis, MO (MSA Population: 2.82M+). Schnucks absolute NNN lease has ±11.5 years of term remaining with 5% rent increases every 5 years and in each of the eight, 5-year renewal options. The property is part of the larger Schnucks Portfolio, which consists of eight assets in Missouri and Illinois. The seller is highly encouraging individual and portfolio offers.