Dardenne Prairie, MO - Circle K

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed, Circle K investment property located in Dardenne Prairie, Missouri (St. Louis MSA). The tenant recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Circle K is a global leader in the convenience and mobility sector, operated by Alimentation Couche-Tard (TSX: ATD), which maintains a global footprint of approximately 17,300 stores across 29 countries. The subject property features a modern prototype design with six fuel pumps and twelve fueling stations.

The property is strategically positioned at the high-traffic, signalized hard corner of Bryan Road and Feise Road (combined 20,500 VPD), serving as a primary gateway to the Prairie Encore. The $90 million mixed-use luxury development features a 190-unit high-end apartment complex and premier retail and dining destinations, including Sugarfire Smokehouse, which incorporates pickleball and sand volleyball courts, Starbucks, Smalls Slider, and Macadoodles, a high-end regional liquor retailer. The site’s exceptional visibility and multiple points of access are further enhanced by its direct connectivity to Interstate 64 and Route 364, a pair of commuter highways in the St. Louis MSA. The immediate retail corridor is further supported by major national anchors including Walmart Supercenter, Target, Lowe’s, The Home Depot, and Kohl’s. Dardenne Prairie is recognized as one of Missouri’s most affluent and fastest-growing suburbs, boasting average household incomes of $161,042 / $139,380
/ $140,198 within 1, 3, and 5-miles, respectively, with over 166,000 residents within 5-miles. The immediate trade area has seen a 19% population surge since 2020, driven by residential developments such as Inverness, a 106-acre master-planned community by McKelvey Homes featuring 266 luxury home-sites directly adjacent to the property. The site also benefits from its proximity to key community drivers, including Liberty High School (1,900 students) and the 60,000+ SF Kinetic Park, which houses Missouri’s largest outdoor skatepark. Located just 36 miles from downtown St. Louis, this location has access to the 2.8 million-residents within the metro.

---

Report Listing This listing was syndicated through:

Listing ID: a28TP000002OdlRYAS