3843 Gravois Ave StSt. Louis, MO 63116
St. Louis retail center, high NOI.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Significant upside potential: Lease up 16,560 sq. ft. to increase annual revenue by $343,627 (21% increase).
- High-performing credit grocer anchor: Aldi generates nearly $19.2 million in annual sales ($721/SF) with a strong health ratio of 1.6%, providing exceptional credit and consistent traffic.
- 6.4-year weighted average lease term (WALT).
- Infill location in a supply-constrained trade area: Dense residential population (155,220 within 3 miles) and limited competition create a strong captive audience.
- High-performing tenants: Above-average sales for several tenants, including Aldi, Dollar Tree, Hollywood Beauty, America's Best, Octapharma, and City Gear.
- Tenured tenancy: Six tenants (46% of in-line GLA, 48% of in-line Year-1 revenue) have operated at the property for over 15 years.
Property Details for 3843 Gravois Ave St
- Property type
- Lifestyle centers, Power centers
- Square Feet
- 129,093 SF
- Year Built/Renovated
- 1970/2002
- Lot Size (sq. ft)
- 569,329 SF
Location Insight
- City
- St. Louis
- County
- State
- Missouri
- Latitude
- 38.5927512
- Longitude
- -90.25026014
Nearby Similar for Sale
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