Shopping Factory Outlet

Jeffrey Plaza

2304 North US-67, Florissant, MO 63033

Listing Price: $2,640,000

Cap Rate
8.06%
Gross SF
19,274
Rentable SF
19,274
Price/Gross SF
$136.97
Lot Size
2.13 acres
Year Built
1990

Investment Overview

Marcus & Millichap on behalf of ownership is pleased to present Jeffrey Plaza, a 19,274 square-foot shopping center located in Florissant, Missouri. Built in 2000, this asset is situated on 2.13 acres and is located in Northern-St. Louis strongest retail corridor. Jeffrey Plaza is currently 100 percent occupied by a mixture of national, regional and local tenants, 67 percent of which are food or service based. National tenants occupy half of the plazas gross leasable area and include FedEx-Kinkos and Firehouse Subs. Regional and local tenants include Royal Beauty, Fogartys House of Vapor and Level Up Salon. Royal Beauty occupies 28 percent of the centers gross leasable area and has been at this location since 2004. They recently extended their lease into 2024 showing success and commitment to the site. Six of the seven tenants, including FedEx-Kinkos are encumbered by triple net leases which cover TAX, CAM and Insurance. These triple-net lease reimbursement leave minimal landlord expenses, and the small tenant base allows for ease of management. Investors may take advantage of this opportunity to enhance their retail portfolios by adding a quality, diversified shopping center in one of the nations top MSAs.
Jeffrey Plaza is located off North Highway 67 which sees 32,715 Vehicles Per Day. With irreplaceable real estate, this asset is situated in the areas main retail corridor, directly across from a Target anchored center. The subject property benefits from high exposure and ease of access, sharing a signalized intersection with the adjacent shopping centers. Prominent retailers in the area include Target, Home Depot, Marshalls, Petco, Schnucks, Family Dollar, Michaels and Aldi. Restaurants in the immediate vicinity include Chipotle, Applebees, Longhorn Steakhouse and Panera Bread. Demographics are stable and mature with 14,346 residents within one-mile, 103,253 within three-miles, and 184,659 within five-miles. Average Household Income is above the national average at $71,091 within one-mile and $72,582 within three-miles.
Jeffrey Plaza is located in St. Louis, the 21st largest Metro in the United States, and the second largest city in the state of Missouri. The St. Louis MSA is home to over 2.8 million people and is within 500 miles of one-third of the U.S. population. Greater St. Louis is home to the headquarters of ten of Missouris eleven Fortune 500 companies, six Fortune 1,000 companies, and two of the top 30 Largest Private Companies in America, as ranked by Forbes.

Investment Highlights

  • 19,274-Square-Foot Target-Shadowed Retail Strip in St. Louis, Missouri MSA
  • Cheap Rents | Average of $10.94 per Square-Foot Triple-Net Lease
  • Shares Access Signal with Target, Ashley, ULTA, Michaels, Petco Anchored Power Center
  • Traffic Counts of 32,715 Vehicles per Day
  • National Tenants Include FedEx-Kinkos and Firehouse Subs
  • 67 Percent of Gross Leasable Area is Service-Based or Food Users
  • 83 Percent of Total Gross Leasable Area Reimburses for Triple-Net Lease Expenses

Exclusively Listed By

Shopping Factory Outlet

Jeffrey Plaza

Listing Price: $2,640,000

Cap Rate
8.06%
Gross SF
19,274
Rentable SF
19,274
Price/Gross SF
$136.97
Lot Size
2.13 acres
Year Built
1990

Investment Highlights

  • 19,274-Square-Foot Target-Shadowed Retail Strip in St. Louis, Missouri MSA
  • Cheap Rents | Average of $10.94 per Square-Foot Triple-Net Lease
  • Shares Access Signal with Target, Ashley, ULTA, Michaels, Petco Anchored Power Center
  • Traffic Counts of 32,715 Vehicles per Day
  • National Tenants Include FedEx-Kinkos and Firehouse Subs
  • 67 Percent of Gross Leasable Area is Service-Based or Food Users
  • 83 Percent of Total Gross Leasable Area Reimburses for Triple-Net Lease Expenses

Investment Overview

Marcus & Millichap on behalf of ownership is pleased to present Jeffrey Plaza, a 19,274 square-foot shopping center located in Florissant, Missouri. Built in 2000, this asset is situated on 2.13 acres and is located in Northern-St. Louis strongest retail corridor. Jeffrey Plaza is currently 100 percent occupied by a mixture of national, regional and local tenants, 67 percent of which are food or service based. National tenants occupy half of the plazas gross leasable area and include FedEx-Kinkos and Firehouse Subs. Regional and local tenants include Royal Beauty, Fogartys House of Vapor and Level Up Salon. Royal Beauty occupies 28 percent of the centers gross leasable area and has been at this location since 2004. They recently extended their lease into 2024 showing success and commitment to the site. Six of the seven tenants, including FedEx-Kinkos are encumbered by triple net leases which cover TAX, CAM and Insurance. These triple-net lease reimbursement leave minimal landlord expenses, and the small tenant base allows for ease of management. Investors may take advantage of this opportunity to enhance their retail portfolios by adding a quality, diversified shopping center in one of the nations top MSAs.
Jeffrey Plaza is located off North Highway 67 which sees 32,715 Vehicles Per Day. With irreplaceable real estate, this asset is situated in the areas main retail corridor, directly across from a Target anchored center. The subject property benefits from high exposure and ease of access, sharing a signalized intersection with the adjacent shopping centers. Prominent retailers in the area include Target, Home Depot, Marshalls, Petco, Schnucks, Family Dollar, Michaels and Aldi. Restaurants in the immediate vicinity include Chipotle, Applebees, Longhorn Steakhouse and Panera Bread. Demographics are stable and mature with 14,346 residents within one-mile, 103,253 within three-miles, and 184,659 within five-miles. Average Household Income is above the national average at $71,091 within one-mile and $72,582 within three-miles.
Jeffrey Plaza is located in St. Louis, the 21st largest Metro in the United States, and the second largest city in the state of Missouri. The St. Louis MSA is home to over 2.8 million people and is within 500 miles of one-third of the U.S. population. Greater St. Louis is home to the headquarters of ten of Missouris eleven Fortune 500 companies, six Fortune 1,000 companies, and two of the top 30 Largest Private Companies in America, as ranked by Forbes.

Exclusively Listed By

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