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10004 Gravois Rd
Saint Louis, MO 63123
Affton Retail Center for Sale or Lease · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Value Add Multi Tenant Retail Building for sale located on Gravois Rd. in Affton, MO.
- Located at the signalized intersection of Gravois and S. Rock hill rd. with over 20,000 V.P.D.
- Situated in a densely populated St. Louis area with 289,459 residents within a 5-mile radius.
- Currently 31% occupied with leases extending through 3/31/2029.
- Building Recently renovated with new electrical, meters, panels, HVAC, roof, plumbing and parking lot.
- ACE Cash express features a N.N.N. corporate lease with 10% rental increases every five years and multiple renewal options.
EXECUTIVE SUMMARY
This prime value-add opportunity features a recently renovated building with new electrical systems, HVAC, roof, plumbing, and parking lot. Currently 31% occupied with leases through 3/31/2029. Located at a signalized hard corner visible to over 20,000 cars daily. Situated in a densely populated area with 289,459 residents within a 5-mile radius, it's just a 25-minute drive from downtown St. Louis and St. Louis Lambert International Airport. The property also includes a stable NNN corporate lease with ACE Cash Express and benefits from an affluent demographic with an average household income exceeding $91,000 within the area.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Shopfront Retail / Office
Property Size
5,453 sq ft
Costar Property Class
C
Year Built
1958
Price
£739,610
Price per sq ft
£135.63
Occupancy Rate
34%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.24
Total Plot Size
0.52 ac
Use Class
C2
Parking
28 Spaces (3.99 Spaces per 1,000 sq ft Leased)
Frontage
162 ft on Gravois Rd
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalised Intersection
- Storage Space
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 26J-43-1214 | Improvements Assessment | £105,211 |
| Land Assessment | £84,030 | Total Assessment | £189,241 |
PROPERTY TAXES
Parcel Number
26J-43-1214
Land Assessment
£84,030
Improvements Assessment
£105,211
Total Assessment
£189,241
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