Jeffrey Plaza

Florissant, Missouri

Offering Summary

  • Status: closed
  • Price: $2,230,000
  • CAP Rate: 9.54%
  • GLA: 19,274 SF
  • Net Operating Income: $212,775
  • Price/SF: $136.97
  • Year(s) Built: 1961
  • Year(s) Renovated: 1990
  • Lot Size (Acres): 2.98
  • Major Tenants: FedEx - Kinko's, Royal Beauty, Firehouse Subs, Fogarty’s House of Vapor
  • 19,274 SF Target-Shadowed Retail Strip in St. Louis, Missouri MSA
  • Cheap Rents = Average of $10.94/SF NNN
  • 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% of the GLA is Service-Based or Food Users
  • 83% of Total GLA Reimburses for NNN Expenses
  • Year 1 Cash-on-Cash Return of 12.4% With a Total Return in Year 1 of 19.3%
  • Immediate Trade Area Includes Target, The Home Depot, Marshalls, Petco, Michaels, Schnucks and Family Dollar, Ashley HomeStores, Chipotle, and Panera Bread
  • Serving a Population of 14,061 within 1-Mile, 103,267 within 3-Miles, and 184,940 within 5-Miles
  • Florissant is Part of the St. Louis MSA, the 21st Largest MSA and Home to Over 2.8 Million People
EXCLUSIVELY LISTED BY:

Scott Wiles

Senior Managing Director