STREAM Capital Partners > Properties > All Properties > Aldi and Ace Hardware Anchored Shopping Center

Aldi and Ace Hardware Anchored Shopping Center

Net Lease

1144 Meramec Station Road, Ballwin, MO
Price:
$5,492,693
Cap Rate:
7.5%
Current Rent:
$411,952
Tenancy:
Single Tenant
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 Long-Term 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’s 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.
Price:
$5,492,693
Cap Rate:
7.5%
Current Rent:
$411,952
Building Sq. Ft.:
51,450 SF
Site Size:
5.79 Acres

Listing Agents

Graham Gold

Vice President
314 324 8792[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Broker of Record: Ann Gold, Lic. #2013035473

You May Also Be Interested In

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

    Are you a buyer or broker?

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    X

    Request Due Diligence Access

    Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

    If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to [email protected].

    Once we receive your NDA, we will contact you with login information.

    View/Download NDA in Word format

      If you have made changes to the Word version of the NDA, please attach it here

      This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.