Aldi and Ace Hardware Anchored Shopping Center

1144 Meramec Station Road, Ballwin, MO
Deal Type:
Net Lease
Price:
$7,083,000
Cap Rate:
6.77%
Current Rent:
$479,535
Building Sq. Ft.:
51,450 SF
Site Size:
5.79 Acres

Investment Highlights

  • Strong Credit Profile: 100% occupied shopping center anchored by Aldi and Ace Hardware, which are both corporate leases and comprise 2/3 of the income.
  • New NNN Leases: Aldi signed an initial 15 year lease term and Ace signed a 10 year lease, providing for long-term passive cash flow. Each tenant reimburses for their pro-rata share of expenses.
  • Ideal Sub Market: Aldi looks to go into space near larger grocery stores and dense population centers. Schnucks is across the street and there are 800 apartment units at the immediate intersection. Additional retailers at the intersection include Walgreens, Regions Bank, First Bank, Dunkin Donuts, and Hardees.
  • Recent Renovation: The property was recently renovated, featuring an updated facade and parking lot improvements.
  • High Traffic Location: The shopping center is situated at the intersection of Big Bend Rd. (32,900 VPD) and Meramec Station Rd. and next to interchange access with Hwy-141 (45,700 VPD), supplying ample traffic to the area. The property‚Äôs pylon sign is visible from the intersection.
  • Large Lot with Ample Parking: Large, 5.8 acre parcel with 269 parking spaces.
  • Affluent St. Louis MSA Demos: There are 64,000 residents earning an average household income of $126,000 within three miles of the site.

Listing Agents

Graham Gold

Vice President
314 324 8792
[email protected]
Danny Karbowski Stream Capital Partners

Danny Karbowski

Associate
630 842 1127
[email protected]

Jordan Shtulman

Managing Principal
847 226 4133
[email protected]

Broker of Record: Ann Gold, Lic. #2013035473

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