Investment Overview

Marcus & Millichap is pleased to present O’Fallon Square retail center for sale, which represents a rare opportunity to acquire a dominant, necessity anchored retail center at an attractive basis well below replacement cost. The property is anchored by an At Home Furniture & Décor which currently subleases from Transform Lease Opco which acquired Kmart’s assets in 2019 and still holds the lease. At Home occupies over 91% of the rentable area and demonstrates strong consumer draw as evidenced by its strong Placer.ai performance ranking of 73% nationally. Situated along a dense retail corridor that includes Walmart, Lowe’s, Schnucks, and numerous other national retailers, the center benefits from exceptional traffic generation and entrenched retail synergies. O’Fallon Square offers durable, in place cash flow supported by a 100% occupied rent roll and an average tenancy dating back over two decades, with over 97% of the property leased by the current tenants in 2003 or before. All tenants have successfully completed lease renewals during their occupancy, underscoring long term site commitment and the irreplaceable nature of the location. Located in one of the St. Louis metro’s strongest suburban trade areas, O’Fallon Square benefits from exceptional demographics, including over 153,000 residents within five miles and an average household incomes exceeding $136,000. The property is offered at an 8.32% cap rate on in place NOI, equating to a just under $44 per square foot, substantially below replacement cost. The roof was completely replaced in 2025, greatly reducing capital expenditure risk. In addition, At Home takes care of CAM expenses and management of its portion of the property leaving only the remaining 9% +\- for the property owner to manage. The $13,200 management fee underwritten in the operating statement represents a 3% management fee on the entire effective gross income. The combination of stable cash flow, exceptional demographics, and below replacement cost pricing in a dominant retail corridor positions the property as a low risk investment with both income stability and long term value preservation.