942 Valley Creek Dr, Farmington, MO 63640
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.
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.
