Press Releases
Marcus & Millichap Brokers $2.98M Sale of CVS Property in O’Fallon, Missouri
March 03, 2026
O’FALLON, Mo., March 3, 2026 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased CVS Pharmacy property located in O’Fallon, Missouri, for $2,975,000.
“Regardless of broad changes at the corporate level for retail pharmacy companies, we are still seeing strong investor demand for the real estate they occupy across the United States,” said Mitch Grant, associate director investments.
Grant and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with David Saverin, Marcus & Millichap’s Missouri broker of record, had the exclusive listing to market the property on behalf of the New York family seller. Luke Grant of Skyline CRE procured the local Missouri 1031 exchange buyer.
The 13,225-square-foot, drive-through CVS Pharmacy sits on 1.72 acres at 1580 Bryan Road. Built in 2015, the property is about 35 miles northwest of downtown St. Louis with access to interstates 64 and 70. More than 15 years remain on the corporately guaranteed triple-net ground lease.
“Regardless of broad changes at the corporate level for retail pharmacy companies, we are still seeing strong investor demand for the real estate they occupy across the United States,” said Mitch Grant, associate director investments.
Grant and Nicholas Kanich, investment specialists in Marcus & Millichap’s Chicago Downtown office, in association with David Saverin, Marcus & Millichap’s Missouri broker of record, had the exclusive listing to market the property on behalf of the New York family seller. Luke Grant of Skyline CRE procured the local Missouri 1031 exchange buyer.
The 13,225-square-foot, drive-through CVS Pharmacy sits on 1.72 acres at 1580 Bryan Road. Built in 2015, the property is about 35 miles northwest of downtown St. Louis with access to interstates 64 and 70. More than 15 years remain on the corporately guaranteed triple-net ground lease.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
