Shopping Strip
Ridgecrest Crossing
1266 Jeffco Blvd, Arnold, MO 63010
Listing Price: $9,925,000
Investment Overview
100 Percent Occupied, 19,699 SF Single-Tenant Medical Plus Four Tenant Triple-Net Strip Offering in Arnold, MO (St. Louis MSA). Seven and a Half Years WALT; Positioned in Shadow of Top Performing Walmart Supercenter (#2 of 121 in MO, Top Five Percent Nationally, 3.2M Annual Visits) & Schnucks Grocery SSM Health Primary Care & Urgent Care – Occupies Entire 12,564 Square Foot Strip Center Building as a Single Tenant on an Triple-Net Lease. 7,135 Square Foot Nationally-Tenanted Strip Center with Four Tenants is 36 Percent of Gross Leasable Area and Contributes 34 Percent of Offering Gross Income. Prime Hard Corner Location – 25,400 Vehicles Per Day Intersection; Directly Between Highway Exit and Primary Entry/Roadway to both Schnucks & Walmart. Just 0.6-Mi from I-55 Exit Ramps at Highway 141;
I-55 Sees 94,500 Vehicles Per Day & Highway 141 Sees 19,900 Vehicles Per Day.
Ridgecrest Crossing
Investment Highlights
- 100 Percent Occupied, 19,699 SF Single-Tenant Medical Plus Four-Tenant Tenant Strip Offering in Arnold, Missouri (St. Louis MSA)
- SSM Health Primary Care & Urgent Care –Occupies Entire 12,564 Square Foot Strip Center Building as a Single Tenant on an Triple-Net Lease
- Separately Parceled with Defined Triple-Net PRS of 100 Percent of Building One Expenses; Facilitating Ease of Spin-Off if Desired
- 64 Percent of Gross Leasable Area and Contributes 66 Percent of Offering Gross Income; Nearly Nine Years of Term Remaining with Scheduled $18K Rent Increase in 2030
- 7,135 Square Foot Nationally-Tenanted Strip Center with Four Tenants is 36 Percent of Gross Leasable Area and Contributes 34 Percent of Offering Gross Income
- All Triple-Net Leases with 100 Percent Recovery of Landlord Tax, Insurance, and CAM Expenses
- No Single Strip Center Tenant is Responsible for More Than 28 Percent of Strip Center Gross Income or 10 Percent of Overall Offering Gross Income
Listing Price: $9,925,000
Investment Highlights
- 100 Percent Occupied, 19,699 SF Single-Tenant Medical Plus Four-Tenant Tenant Strip Offering in Arnold, Missouri (St. Louis MSA)
- SSM Health Primary Care & Urgent Care –Occupies Entire 12,564 Square Foot Strip Center Building as a Single Tenant on an Triple-Net Lease
- Separately Parceled with Defined Triple-Net PRS of 100 Percent of Building One Expenses; Facilitating Ease of Spin-Off if Desired
- 64 Percent of Gross Leasable Area and Contributes 66 Percent of Offering Gross Income; Nearly Nine Years of Term Remaining with Scheduled $18K Rent Increase in 2030
- 7,135 Square Foot Nationally-Tenanted Strip Center with Four Tenants is 36 Percent of Gross Leasable Area and Contributes 34 Percent of Offering Gross Income
- All Triple-Net Leases with 100 Percent Recovery of Landlord Tax, Insurance, and CAM Expenses
- No Single Strip Center Tenant is Responsible for More Than 28 Percent of Strip Center Gross Income or 10 Percent of Overall Offering Gross Income
Investment Overview
100 Percent Occupied, 19,699 SF Single-Tenant Medical Plus Four Tenant Triple-Net Strip Offering in Arnold, MO (St. Louis MSA). Seven and a Half Years WALT; Positioned in Shadow of Top Performing Walmart Supercenter (#2 of 121 in MO, Top Five Percent Nationally, 3.2M Annual Visits) & Schnucks Grocery SSM Health Primary Care & Urgent Care – Occupies Entire 12,564 Square Foot Strip Center Building as a Single Tenant on an Triple-Net Lease. 7,135 Square Foot Nationally-Tenanted Strip Center with Four Tenants is 36 Percent of Gross Leasable Area and Contributes 34 Percent of Offering Gross Income. Prime Hard Corner Location – 25,400 Vehicles Per Day Intersection; Directly Between Highway Exit and Primary Entry/Roadway to both Schnucks & Walmart. Just 0.6-Mi from I-55 Exit Ramps at Highway 141; I-55 Sees 94,500 Vehicles Per Day & Highway 141 Sees 19,900 Vehicles Per Day.
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