Affton Retail Center for Sale or Lease

$18/sqft/yr

10004 Gravois Road, St. Louis, MO 63123

For Lease

Retail

Active

Last Updated: 07/23/2024

Details:

Building Size: 5,453 sqft

Lot Area: 0.52 sqft

Year Built: 1960

Tenancy: Multiple

Floors: 1

Offered by

Ben Cherry, CCIM

Commercial Real Estate Broker

Manor Real Estate

#216374712

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Caleb Anthonis

Commercial Real Estate Agent

Manor Real Estate

#2021000758

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Highlights:

Value Add Multi Tenant Retail Building for sale located on Gravois Rd. in Affton, MO.
Currently 31% occupied with leases extending through 3/31/2029.
Located at the signalized intersection of Gravois and S. Rock Hill Rd. with over 20,000 V.P.D.
Building Recently renovated with new electrical, meters, panels, HVAC, roof, plumbing and parking lot.
Situated in a densely populated St. Louis area with 289,459 residents within a 5-mile radius.
ACE Cash express features a N.N.N. corporate lease with 10% rental increases every five years and multiple renewal options.

Description:

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.