Shopping Strip

Valley Creek Shopping Center

942 Valley Creek Dr, Farmington, MO 63640

Listing Price: $11,000,000

Cap Rate
7.40%
Gross SF
76,908
Rentable SF
76,908
Price/Gross SF
$143.03
Lot Size
6.57 acres
Year Built
1995

Investment Overview

Marcus & Millichap is pleased to present, Valley Creek Shopping Center, a 100 percent occupied 76,908-square-foot, grocery anchored center, located in Farmington, Missouri. The subject property was built in 1995, redeveloped in 2015 and is situated on 6.57 acres. Valley Creek is the area’s premier Grocery Center and is anchored by Missouri’s most dominant grocer, Schnucks. Schnucks expanded into Farmington back in 2015, commencing an 18-year lease which runs until the end of 2032. Schnucks occupies 81 percent of gross leasable area and is leased under triple-net lease terms, providing ProRata reimbursement for tax, common area maintenance, insurance, management and administrative fees. Tenants accompanying the full-service grocer include Omnicare, Miracle Ear, Cato Fashion and Nail Bar. Omnicare, a subsidiary of CVS Pharmacy, occupies 10 percent of gross leasable area and is leased through 2025. Cato Fashion covers seven percent of base-rent and is leased into 2023. Nail Bar is the sites newest tenant and is currently undergoing a Class-A build out after signing an eight-year lease in 2020. Ownership benefits from ease of management with a small tenant base, long-term leases with weighted average lease term of 9.7 years, minimal out of pocket expenses and true irreplaceable real estate.

Investment Highlights

  • 100 Percent Occupied, 76,908-Square-Foot Grocery-Anchored Shopping Center in Farmington, Missouri
  • Anchored by Schnucks Supermarket (81 Percent of Gross Leasable Area) - Only Schnucks within 52-Miles
  • Schnucks is Encumbered by Triple-Net Lease Thru 11/2032 - Responsible for 83 Percent of Center's Gross Rent
  • Ecommerce Proof Tenant Mix: Grocery, Medical, Nails and Clothing
  • Omnicare-CVS (10 Percent of Gross Leasable Area) - Leased Thru 2025 - Two Percent Rental Increase Every Year in Base Term
  • Long Term Leases - Weighted Average Lease Term Remaining of 9.7 Years

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Shopping Strip

Valley Creek Shopping Center

Listing Price: $11,000,000

Cap Rate
7.40%
Gross SF
76,908
Rentable SF
76,908
Price/Gross SF
$143.03
Lot Size
6.57 acres
Year Built
1995

Investment Highlights

  • 100 Percent Occupied, 76,908-Square-Foot Grocery-Anchored Shopping Center in Farmington, Missouri
  • Anchored by Schnucks Supermarket (81 Percent of Gross Leasable Area) - Only Schnucks within 52-Miles
  • Schnucks is Encumbered by Triple-Net Lease Thru 11/2032 - Responsible for 83 Percent of Center's Gross Rent
  • Ecommerce Proof Tenant Mix: Grocery, Medical, Nails and Clothing
  • Omnicare-CVS (10 Percent of Gross Leasable Area) - Leased Thru 2025 - Two Percent Rental Increase Every Year in Base Term
  • Long Term Leases - Weighted Average Lease Term Remaining of 9.7 Years

Investment Overview

Marcus & Millichap is pleased to present, Valley Creek Shopping Center, a 100 percent occupied 76,908-square-foot, grocery anchored center, located in Farmington, Missouri. The subject property was built in 1995, redeveloped in 2015 and is situated on 6.57 acres. Valley Creek is the area’s premier Grocery Center and is anchored by Missouri’s most dominant grocer, Schnucks. Schnucks expanded into Farmington back in 2015, commencing an 18-year lease which runs until the end of 2032. Schnucks occupies 81 percent of gross leasable area and is leased under triple-net lease terms, providing ProRata reimbursement for tax, common area maintenance, insurance, management and administrative fees. Tenants accompanying the full-service grocer include Omnicare, Miracle Ear, Cato Fashion and Nail Bar. Omnicare, a subsidiary of CVS Pharmacy, occupies 10 percent of gross leasable area and is leased through 2025. Cato Fashion covers seven percent of base-rent and is leased into 2023. Nail Bar is the sites newest tenant and is currently undergoing a Class-A build out after signing an eight-year lease in 2020. Ownership benefits from ease of management with a small tenant base, long-term leases with weighted average lease term of 9.7 years, minimal out of pocket expenses and true irreplaceable real estate.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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