Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire a 100 percent fee simple interest in the Spencer Creek Center, (“The Property”), a 100 percent leased, 11,270 square-foot retail strip center located in St. Peters, Missouri (St. Louis MSA). The Property is strategically positioned directly adjacent to Walmart Neighborhood Market on the signalized corner of Jungermann Rd & Sutters Mill Rd. The adjacent Walmart has more than one million annual visitors per Placer AI, providing a continual stream of customers through the parking lot. Included with the property is an ATM which is well positioned between Walmart and Jungermann Road. The Property is a true neighborhood center with extremely desirable suburban demographics. Located in the heart of St. Charles County, the third largest and #1 fastest growing county in Missouri, there are more than 84,000 residents within a three-mile radius with average household incomes north of $100,000. In addition, there are more than 72,000 households and 12 high schools within five-miles of the Property. St. Peters is the #1 Best place to live in Missouri (as ranked by Money Magazine) and continues to grow despite the dense infill location. The Property is in excellent condition and features a brick façade, new roof in 2018 with 20-year warranty, and recent parking lot work. The Property features a complementary mix of e-commerce resistant and restaurant tenants. Each tenant’s lease includes strong annual rent increases, and landlord friendly triple-net terms providing zero slippage for a landlord with contractual Net Operating Income growth. The Property is being offered free and clear of debt at an 7.75 percent CAP rate totaling $2,618,000.