Tenholder Plaza Shopping Center

Highlights:

• Exceptionally Well-Located at a High-Performing Signalized Intersection
• Strong Regional Accessibility – Less Than Half a Mile from I-255
• Stabilized 100% Occupied Center Totaling 46,874 SF
• Diverse Tenant Lineup Featuring National, Regional, and Local Brands
• Adjacent to South County Center Mall – A Major Regional Retail Anchor
• Upside Opportunity – Measured Rentable Square Footage
• Located Within a High-Demand, Densely Populated Retail Submarket
• Recently Renovated Center with Strong Curb Appeal and Modern Retail Frontage
• Positioned in One of St. Louis County’s Most Active Retail Development Zones

Description:

Klamen Commercial Advisors and Manor Real Estate, as exclusive advisors, are pleased to present the opportunity to acquire a 100% fee-simple interest in Tenholder Plaza (“The Property”) – a 100% leased, 46,874 square-foot multi-tenant neighborhood retail center, prominently situated at the signalized hard corner of Lemay Ferry Road and South County Center Way in Mehlville, MO (St. Louis County). The property benefits from exceptional visibility and ingress/egress, with Lemay Ferry Road carrying approximately 24,597 vehicles per day.

The tenant lineup features a diverse mix of national, regional, and local retailers including LensCrafters, Mattress Firm, Red Wing Shoes, The Joint Chiropractic, Golf Discount, Dungeon Gym, and other service-oriented operators. This balanced roster of necessity-based, experiential, and specialty retail uses provides investors with highly durable tenancy and consistent daily traffic supported by credit-enhancing brands.

Strategically located less than one-half mile from Interstate 255 (I-255), the center offers strong regional accessibility and serves as a convenient retail destination for both local residents and broader South County trade area consumers. The property is immediately adjacent to South County Center, a 1,000,000+ square-foot regional shopping mall anchored by JCPenney, Dick’s Sporting Goods, and Dillard’s, creating a powerful regional draw. Proposed redevelopment plans for the mall further enhance the long-term upside potential for both tenants and investors.

The surrounding trade area represents one of the most dominant and supply-constrained retail corridors in St. Louis County, with a concentration of major national retailers including Costco, Walmart Supercenter, Home Depot (top-performing store in the St. Louis MSA), Target, Marshalls, Floor & Decor, PetSmart, and others. Within a 3-mile radius, the property serves over 93,000 residents, 40,000 households, and 35,000 employees, supported by average household incomes exceeding $71,000.

Tenholder Plaza has benefited from recent renovations and a refreshed façade, offering strong curb appeal, modern storefronts, pylon signage opportunities, and competitive positioning within the submarket. The property offers investors a rare opportunity to acquire a stabilized, high-occupancy retail asset with reliable in-place cash flow in one of St. Louis County’s most active and established super-regional retail trade areas.

Documents: