3720 Kingshighway Blvd StSt. Louis, MO 63115

Property Details for 3720 Kingshighway Blvd St

Year built

2005

Lot size

1.57 AC

Property size (Sq ft)

14,820 SF

Property type

Retail properties

Property subtype

Retail space

Description

This exceptional investment opportunity presents a 14,820-square-foot Walgreens located at 3720 Kingshighway Blvd, St. Louis, MO 63115. The property boasts a strong 7.50% cap rate and a substantial net operating income (NOI) of $400,000. Secured by a corporate guarantee from Walgreens Boots Alliance, this absolute triple-net (NNN) lease offers a passive investment structure with minimal landlord responsibilities. The tenant is responsible for all property taxes, insurance, and maintenance. With a remaining lease term of 5.4 years and ten 5-year renewal options, this investment provides long-term stability. Built in 2005, the single-story building sits on a 1.57-acre lot and benefits from high visibility at a signalized intersection with over 55,700 vehicles daily. The convenient drive-thru further enhances customer accessibility. The property's strategic location within the Mark Twain/I-70 Industrial neighborhood and proximity to the University of Missouri-St. Louis ensures a robust customer base. The property's location in St. Louis, Missouri, the second-largest city in the state, offers access to a diverse economy and a population of 268,347 within a 5-mile radius. The asking price is $5,334,000, translating to a price per square foot of $359.92. The property is zoned F. This is a rare opportunity to acquire a high-performing, low-maintenance retail investment with a blue-chip tenant.

Location Insight

City

St. Louis

County

State

Missouri

Latitude

38.6767

Longitude

-90.2514

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