8270 Saint Charles Rock
St Louis, MO 63114

$1,450,000

Description

8270-86 St. Charles Rock Rd & 8316-34 Lackland Rd. Excellent retail investment opportunity. As is cap rate of 8.67% /Proforma cap rate of 12.84%. These two retail centers present an incredible opportunity for the new owner to enjoy great cash flow with the tenant base in place, while providing the ability to significantly increase returns by raising rents to market rate as leases renew or new tenants are signed on. Lots of potential for the new owner here. Rent roll and other information available upon request and signing confidentiality agreement. Two Retail Centers at a Great Signalized Intersection, Long Term Tenants in Place, 250 Frontage on St. Charles Rock Rd & 320 Frontage on Lackland Rd, Convert Leases to NNN to Increase NOI, Substantially Below Market Rents, Able to Increase Rent as Leases Renew, Immediate Proximity to I-170, 26,905 VPD on St. Charles Rock Rd. 2,851 VPD on Lackland, Newer TPO roof, Lower Level Storage Spaces.

Details

MLS#19016868
Sub-TypeResale
StatusActive
Year1965
Days On Site40

Features

SQ Feet20,000
Story(s)1
Zoningconfirm with County

Market Activity 63114

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Area Information

StateMO
CountySt Louis
CitySt Louis
Zip Code63114
AreaNormandy
Listing VS Median (in 63114)
Price:
$1,450,000
low | high
Med:
$88,000
100% of Average
SqFt:
20,000
low | high
Med:
1,509
100% of Average
$ / SqFt:
$73
low | high
Med:
$58
69.563081282421% of Average
On Site:
40
low | high
Med:
17
100% of Average
Listing Updated: 04/23/2019
MLS Number: 19016868
Listing Provided By:
Garen Lafser  of  Salient Realty Group LLC