Shopping Strip
Tori Pines Plaza
6065 Telegraph Rd, St. Louis, MO 63129
Listing Price: $3,935,000
Investment Overview
Marcus & Millichap, as Exclusive Advisor, is Pleased to Present the Opportunity to Acquire a 100 Percent Fee Simple Interest in Tori Pines Plaza, (“The Property”), an 83 Percent Occupied, 24,000 Square-Foot Multi-Tenant Neighborhood Shopping Center Located in Oakville, MO (St. Louis MSA). The Premier Neighborhood-Style Dining, Shopping, and Service Oriented Center is Strategically Positioned in Oakville, an Affluent Southern Suburb of St. Louis with Average Incomes North of $100,000 and Features Excellent Frontage Along Telegraph Road (45,000 Vehicles Per Day), Which is One of the Main North-South Thoroughfares for South St. Louis County. The Property Combines Outstanding Visibility & Great Access with a Convenient Location Catering to the Surrounding High Income Demographics. Built in 2003, the 3.26-Acre Site is Situated Within a Dense Residential Area Boasting a Population of More Than 115,000 Within a Five-Mile Radius. Home to a Diverse, Well-Established Mix of Primarily Dining and Service Oriented Tenants, the E-commerce Resistant Tenant Line-Up Includes Edward Jones, Papa Johns, Las Fuentes Mexican Restaurant, and a Single Tenant Drive-Thru Rich’s Frozen Custard. The Property Offers an Average Suite Size of Just 1,846 Square-Feet Minimizing an Investor’s Exposure to any Single Tenant Risk. Tori Pines Plaza Offers Investors a Secure and Stable Asset with a Significant Value-Add Opportunity Through l Ease-Up of the Two Remaining Vacancies Which Total 4,020 Square Feet. Once the Property is Stabilized the Cap Rate Will be North of 9.4 Percent with a 21 Percent + Cash on Cash Return, Providing a Clear Value Creation Strategy. The Aesthetically Pleasing Building Features a Brick Façade, Carefully Groomed Landscaping, and has Been Exceptionally Well-Maintained. The Property had a Full Roof Replacement in 2016 That is Under Warranty Through 2031, as well as Recent Parking Lot Improvements Providing Minimal Upkeep for the Foreseeable Future. The Property is Being Offered Free and Clear of Debt for an 7.50 Percent Cap Rate Totaling $3,935,000.
Tori Pines Plaza
Investment Highlights
- VALUE-ADD OPPORTUNITY » Significant Upside Through Lease-Up Of The Two Remaining Vacant Suites Totaling 4,020 Square Feet, Which Could Increase Net Operating Income by North of $85,000 Annually
- SERVICE ORIENTED TENANCY » Complementary Mix Of Tenants Comprised Of Internet-Resistant, Service-Oriented Businesses
- HIGH-TRAFFIC LOCATION » Located On Telegraph Road Featuring Direct Frontage With Excellent Visibility And Convenient Access To More Than 45,000 Vehicles Per Day
- EXCELLENT DEMOGRAPHICS » There Are More Than 46,000 Residents Within Three Miles With Average Household Incomes North Of $100,000 Annually
- TRIPLE NET LEASE STRUCTURES » Tenants Include Triple Net Lease Structures with Each Tenant Being Responsible for its Proportionate Share of Real Estate Taxes, Insurance, and Common Area Maintenance
- LONG HISTORICAL TENURE » The Average Tenure Is More Than Eleven Years With Four Tenants Who Have Remained At The Center Since It's Construction
Exclusively Listed By
Financing By
Listing Price: $3,935,000
Investment Highlights
- VALUE-ADD OPPORTUNITY » Significant Upside Through Lease-Up Of The Two Remaining Vacant Suites Totaling 4,020 Square Feet, Which Could Increase Net Operating Income by North of $85,000 Annually
- SERVICE ORIENTED TENANCY » Complementary Mix Of Tenants Comprised Of Internet-Resistant, Service-Oriented Businesses
- HIGH-TRAFFIC LOCATION » Located On Telegraph Road Featuring Direct Frontage With Excellent Visibility And Convenient Access To More Than 45,000 Vehicles Per Day
- EXCELLENT DEMOGRAPHICS » There Are More Than 46,000 Residents Within Three Miles With Average Household Incomes North Of $100,000 Annually
- TRIPLE NET LEASE STRUCTURES » Tenants Include Triple Net Lease Structures with Each Tenant Being Responsible for its Proportionate Share of Real Estate Taxes, Insurance, and Common Area Maintenance
- LONG HISTORICAL TENURE » The Average Tenure Is More Than Eleven Years With Four Tenants Who Have Remained At The Center Since It's Construction
Investment Overview
Marcus & Millichap, as Exclusive Advisor, is Pleased to Present the Opportunity to Acquire a 100 Percent Fee Simple Interest in Tori Pines Plaza, (“The Property”), an 83 Percent Occupied, 24,000 Square-Foot Multi-Tenant Neighborhood Shopping Center Located in Oakville, MO (St. Louis MSA). The Premier Neighborhood-Style Dining, Shopping, and Service Oriented Center is Strategically Positioned in Oakville, an Affluent Southern Suburb of St. Louis with Average Incomes North of $100,000 and Features Excellent Frontage Along Telegraph Road (45,000 Vehicles Per Day), Which is One of the Main North-South Thoroughfares for South St. Louis County. The Property Combines Outstanding Visibility & Great Access with a Convenient Location Catering to the Surrounding High Income Demographics. Built in 2003, the 3.26-Acre Site is Situated Within a Dense Residential Area Boasting a Population of More Than 115,000 Within a Five-Mile Radius. Home to a Diverse, Well-Established Mix of Primarily Dining and Service Oriented Tenants, the E-commerce Resistant Tenant Line-Up Includes Edward Jones, Papa Johns, Las Fuentes Mexican Restaurant, and a Single Tenant Drive-Thru Rich’s Frozen Custard. The Property Offers an Average Suite Size of Just 1,846 Square-Feet Minimizing an Investor’s Exposure to any Single Tenant Risk. Tori Pines Plaza Offers Investors a Secure and Stable Asset with a Significant Value-Add Opportunity Through l Ease-Up of the Two Remaining Vacancies Which Total 4,020 Square Feet. Once the Property is Stabilized the Cap Rate Will be North of 9.4 Percent with a 21 Percent + Cash on Cash Return, Providing a Clear Value Creation Strategy. The Aesthetically Pleasing Building Features a Brick Façade, Carefully Groomed Landscaping, and has Been Exceptionally Well-Maintained. The Property had a Full Roof Replacement in 2016 That is Under Warranty Through 2031, as well as Recent Parking Lot Improvements Providing Minimal Upkeep for the Foreseeable Future. The Property is Being Offered Free and Clear of Debt for an 7.50 Percent Cap Rate Totaling $3,935,000.
Exclusively Listed By
Financing By
