1144 Meramec Station RdTwin Oaks, MO 63021

Property Details for 1144 Meramec Station Rd

Year built

2007

Lot size

5.79 AC

Property size (Sq ft)

51,450 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional 51,450-square-foot shopping center in Ballwin, Missouri, presents a compelling net lease investment opportunity. Anchored by Aldi and Ace Hardware, both on long-term corporate leases, this property boasts 100% occupancy and a strong 7.50% cap rate, generating a net operating income (NOI) of $411,952. The center benefits from recent renovations (2022 & 2023), including facade and parking lot improvements, ensuring a modern and attractive retail space. Situated on a large 5.79-acre lot with ample parking (269 spaces), the center enjoys a high-traffic location at the intersection of Big Bend Road (32,900 vehicles per day) and Meramec Station Road, with convenient access to Highway 141 (45,700 vehicles per day). Its prominent pylon signage ensures high visibility. The property's strategic location is further enhanced by its proximity to a Schnucks grocery store and 800 apartment units, catering to a dense population. Within a three-mile radius, the affluent St. Louis MSA boasts 64,000 residents with an average household income of $126,000. Aldi's 15-year lease and Ace Hardware's 10-year lease provide long-term, passive cash flow, with each tenant responsible for their pro-rata share of expenses. This property offers a rare combination of strong tenants, high occupancy, recent renovations, and a prime location within a thriving market. Specific lease terms and rent bump information are available in the offering memorandum. Asking price is $5,492,693 ($106.76/sq ft). Built in 2007, this property is located at 1144 Meramec Station Road, Ballwin, MO 63021.

Location Insight

City

Twin Oaks

County

St. Louis

State

Missouri

Latitude

38.5688

Longitude

-90.495

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