596 Jungermann RdSt. Peters, MO 63376

For Sale
$2,618,000

11,270 SF, 100% Occupied, 7.75% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional 11,270-square-foot retail shopping center in St. Peters, MO (St. Louis MSA), presents a compelling investment opportunity. Located at 596 Jungermann Rd, 63376, this single-story, 1986-built property boasts a prime location directly adjacent to a Walmart Neighborhood Market, benefiting from its high foot traffic. The center is 100% occupied by six tenants under NNN leases with annual rent bumps, ensuring consistent income growth. The property features a brick façade, a new roof (2018, 20-year warranty), and recently updated parking. With a strong NOI of $202,855 and an asking price of $2,618,000, this stabilized, multi-tenant retail investment offers a 7.75% cap rate. The 1.11-acre lot sits within a thriving, affluent community

Highlights

  • Walmart shadow-anchored center with shared parking lot; over 1,000,000 annual Walmart visitors.
  • Neighborhood retail center with diverse, e-commerce resistant tenants in high-income area.
  • Located in St. Charles County, MO, the state's fastest-growing county and a St. Louis suburb (Top 25 MSA).
  • Prime location in St. Peters, MO, a top-ranked city with average incomes exceeding $100,000 and strong population growth; over 178,000 residents within a 5-mile radius.
  • 100% occupied by NNN tenants with landlord-friendly leases, no CAM caps, and annual rent increases of 2.00%-6.06%.

Property Details for 596 Jungermann Rd

Property type
Lifestyle centers, Power centers
Square Feet
11,270 SF
Year Built
1986
Stories
1
Lot Size (sq. ft)
48,352 SF

Location Insight

City
St. Peters
County
St. Charles
State
Missouri
Latitude
38.778338144509
Longitude
-90.579331174107
596 Jungermann Rd, St. Peters, Missouri

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596 Jungermann Rd
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