Fenton Retail for Sale
Marcus & Millichap is pleased to offer for sale the fee simple interest in a 3,552-square-foot drive-through bank (the Property) in Fenton, MO, in which Regions Bank has over 5 years remaining on its triple-net ground lease. The lease features two 5-year renewal options with an 8 percent rent increase at the beginning of each option to offset inflation.
On the southwest corner of the signalized intersection of Bowles Avenue and Smizer Mill Road, the Property includes a curb cut on each street and a double drive-through. The 184-bed SSM Health St. Clare Hospital sits 0.5 miles north, on the other side of 51,000+ AAWDT State Highway 141, and 1.9 miles north, the Fenton Logistics Park lies along Interstate 44.
Suburban Fenton sits 19.7 miles southwest of downtown St. Louis, MO, along the Meramec River. The city has a median home value of $362,800, and the five-mile area has an average household income of $123,685. Maritz, Panera and BJC HealthCare operate facilities in the city.
Headquartered in Birmingham, AL, Regions Financial Corporation is traded on the NYSE under the ticker symbol “RF” and is ranked No. 433 on the Fortune 500. Through its subsidiary, Regions Bank, it operates 1,249 bank branches providing personal, small business, and commercial banking and wealth management.
This exclusive opportunity offers an investor the ease of a triple-net ground lease plus an excellent hard-corner location in the St. Louis MSA.
Broker of Record: David Saverin, Broker of Record, 7800 Forsyth Blvd., Ste. 710, St. Louis, MO 63105 P: (314) 889-2500, Lic #: 2008013520
