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Shopping Strip

Social Security Anchored Strip Center | Union, MO

43 Prairie Dell Plaza Dr, Union, MO 63084

Listing Price: $1,325,000

Cap Rate
8.30%
Gross SF
9,600
Rentable SF
9,600
Price/Gross SF
$138.02
Lot Size
1.38 acres
Year Built
2000

Investment Overview

Marcus & Millichap is pleased to present the United States Social Security Administration
anchored strip center located at 43 Prairie Dell Plaza in Union, Missouri. The subject
property was built in 2002 and is comprised of approximately 9,600 square feet of
rentable space on approximately 1.38-Acres of land. The center is currently 87% occupied
and anchored by the Social Security Administration (7,200 SF), who has occupied the
space since 2012 ($200,000+ build-out) and have recently exercised their 5-year renewal.
The subject property, (S.S.A.), serves the Franklin County community as well as a handful
of other surrounding counties. The closest S.S.A. office from the subject property is 30
miles. The Social Security Administration is owned and operated by the United States
Government and has over 1,300 locations across the nation with a S&P Credit Rating of
AA+.

Union is a city in, and the county seat of Franklin County, Missouri which has a
population count exceeding 105,000. It is located on the Bourbeuse River, 50-miles
southwest of St. Louis. Franklin County is the largest geographic area in the St. Louis MSA
and one of the largest counties in all of Missouri. The subject property is less than onehalf mile from Interstate 50, Walmart Supercenter, East Central College (2,100 Annual
Enrollment), Dollar Tree, and multiple other regional/national credit tenants.

Investment Highlights

  • Social Security Anchored Strip Center | S.S.A. Occupies 75 Percent Of GLA
  • Strong Historical Occupancy | 12.5 Years At Site | 2.5 Years Remaining
  • S.S.A. Lease Guaranteed By The U.S. Government
  • Only Social Security Administration (SSA) Within 30-Mile Radius
  • $200,000+ Build-Out for SSA Office in 2012
  • 87 Percent Occupied | Value - Add | Low Rent Per Square Foot

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Shopping Strip

Social Security Anchored Strip Center | Union, MO

Listing Price: $1,325,000

Cap Rate
8.30%
Gross SF
9,600
Rentable SF
9,600
Price/Gross SF
$138.02
Lot Size
1.38 acres
Year Built
2000

Investment Highlights

  • Social Security Anchored Strip Center | S.S.A. Occupies 75 Percent Of GLA
  • Strong Historical Occupancy | 12.5 Years At Site | 2.5 Years Remaining
  • S.S.A. Lease Guaranteed By The U.S. Government
  • Only Social Security Administration (SSA) Within 30-Mile Radius
  • $200,000+ Build-Out for SSA Office in 2012
  • 87 Percent Occupied | Value - Add | Low Rent Per Square Foot

Investment Overview

Marcus & Millichap is pleased to present the United States Social Security Administration anchored strip center located at 43 Prairie Dell Plaza in Union, Missouri. The subject property was built in 2002 and is comprised of approximately 9,600 square feet of rentable space on approximately 1.38-Acres of land. The center is currently 87% occupied and anchored by the Social Security Administration (7,200 SF), who has occupied the space since 2012 ($200,000+ build-out) and have recently exercised their 5-year renewal. The subject property, (S.S.A.), serves the Franklin County community as well as a handful of other surrounding counties. The closest S.S.A. office from the subject property is 30 miles. The Social Security Administration is owned and operated by the United States Government and has over 1,300 locations across the nation with a S&P Credit Rating of AA+. Union is a city in, and the county seat of Franklin County, Missouri which has a population count exceeding 105,000. It is located on the Bourbeuse River, 50-miles southwest of St. Louis. Franklin County is the largest geographic area in the St. Louis MSA and one of the largest counties in all of Missouri. The subject property is less than onehalf mile from Interstate 50, Walmart Supercenter, East Central College (2,100 Annual Enrollment), Dollar Tree, and multiple other regional/national credit tenants.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    First Vice President Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

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