American Freight St. Peters, Missouri

$1,400,000
Cap Rate: 8.75
Closed
Property type: Single-Tenant Net Lease

Property Details

Cap Rate: 8.75
Year Built: 1978
Cap Rate: 8.75
NOI: $122,412
Building Size: 24,160 sqft
Lot Size: 1.96 Acres
Lease Expiration: 12/31/2023

Description

Address:

4525 Veterans Memorial Pkwy
St. Peters, MO 63376

American Freight is a 9-year, triple net (NNN) investment opportunity with six plus years remaining on the lease. There are two-five-year option periods with a minimal one percent annual increase in both base term and option periods.

American Freight is located in St. Peters, one of the fastest growing cities in Missouri and just outside of St. Louis. St. Peters, MO has been named twice by Money Magazine as “Top 100 Best Places to Live in America.” Surrounding national retailers include Home Depot, T.J. Maxx, Target, Office Depot, CVS, Costco, Home Goods, Wendy’s, Long Horn Steakhouse, KFC and many more.

American Freight is conveniently located three miles from the largest shopping center in St. Charles County, the Mid Rivers Mall which is anchored by Dillard’s, Sears, Macy’s, JCPenney, Dick’s Sporting Goods and occupied by 75 other specialty shops.  American Freight has excellent visibility on Veterans Memorial Parkway and is less than half a mile from Interstate 70.  St. Peters is one of the most desirable places to live in the St. Louis MSA due to the quality of life, affordable housing and job growth.

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