Olde Towne Plaza

Ballwin | MO

Offering Summary

  • Status: under contract
  • Price: Open Bid
  • GLA: 288,074 SF
  • NOI: $2,989,352
  • Year(s) Built: 2001
  • Lot Size (Acres): 27.86
  • Major Tenants: Lowes Home Center; DEFY Extreme Air Sports; Painted Tree Marketplace; Crave Beauty Academy; Foss Swim School; Kids Empire; Planet Fitness; FedEx Office Print & Ship Center; SportsClips; Texas Roadhouse
  • 99% Occupied, 288,074 SF Lowe’s Anchored Shopping Center in Infill, Affluent Suburb of St. Louis, MO
  • Brand-New 10-Year Lease Extension by Lowe’s (47.0% of GLA, 9/2032 Expiration); Ranked 20th out of 45 Missouri Lowe’s in T12 Foot Traffic (Source: Placer.ai)
  • 9.7 Years of WALT; New 10-20 Year Leases/Extensions on 80% of Occupied GLA
  • Substantial Pad/Parcel Spin Opportunities: Separately Parceled Lowe’s (9/2032 Exp.), Free-Standing Starbucks (8/2027 Exp.), Texas Roadhouse Ground-Lease (8/2032 Exp), & Fedex-Anchored Outparcel Strip
  • Planet Fitness (10.4% of GLA) Signed 20-Year Lease in 2020 (7/2040 Exp.); 10% Bumps Every 5 Years; Top 7% Nationally & Statewide in T12 Foot Traffic (Source: Placer.ai)
  • 98% of Occupied GLA Leased to 2027 & Beyond; 82% of Occupied GLA Leased to 2031 & Beyond
  • Infill/Affluent Demographics: 12K Residents ($101K AHHI) in 1-Mile; 81K ($127K AHHI) in 3-Miles; 157K ($137K AHHI) in 5-Miles
  • Property Saw 2.4 Million T12 Customer Visits; Top 40% Nationally/Statewide/Regionally in Shopping Center Visits (Source: Placer.ai)
  • Community-Oriented Retail Center with Ideal “Daily Needs” Mix of Goods, Fitness, Entertainment, Education, Food, Professional Services, Coffee, Hair, & Medical Tenants
  • Offered Free & Clear of Debt Allowing Prospective Purchaser the Opportunity to Collateralize Parcels According to Investment Strategy
  • 38,000 Cars/Day with Excellent Frontage & Visibility Along Manchester Road (Route 100) – Major East/West Corridor Stretching 121 Miles from Downtown St. Louis into Central Missouri
  • Situated in the Middle of a 10-Mile Long Retail Corridor with Area Retailers Including Costco, Walmart, Menards, Target, Nordstrom Rack, Best Buy, Kohl’s, Hobby Lobby, Ross, and More
  • 1.5 Miles East of Route 141 Interchange with a Combined 66,300 Cars/Day
  • St. Louis MSA: Home to a Population of 2.8 Million, Top 25 MSA and GDP Market in the U.S. with 8 Fortune 500 HQ’s and a Highly Diversified Economy

Scott Wiles

Senior Managing Director