1 Oaks Plz Saint Louis Mo 63121 StSt. Louis, MO 63121

For Sale
$21,130,000

Prime NNN Shopping Center, 68 Tenants

Overview

Added:
Dec 11, 2024
Days on market:
92
North Oaks Plaza, a fee-simple, multi-tenant shopping center in St. Louis, Missouri, presents a compelling investment opportunity. This 268,893 square foot retail property, situated on 18.33 acres at the intersection of Natural Bridge Road and Lucas-Hunt Road, offers a strong 8.26% cap rate and a Net Operating Income (NOI) of $1,744,427. The property consists of five buildings, including three one-story retail structures and a three-story office building, totaling 68 units with 94.9% occupancy. The asking price is $21,130,000. Built in 1962, the center has undergone significant renovations in 1994, 2007, 2021, and 2023, including over $3,000,000 in improvements in 2021. These renovations encompassed upgrades to the GSA Social Security and Dedicated Senior Medical Center spaces, parking lot improvements, a new TPO roof for Save A Lot, and fresh paint throughout. Ample parking is provided at a ratio of 3 spaces per 1,000 square feet. The property benefits from high visibility and multiple access points, including four entrances on Natural Bridge Road (11,295 vehicles per day), one of which is a semi-signalized intersection, and additional access via O’Neil Avenue. The property is zoned D and features rent bumps. The strong tenant base includes 68 credit-rated tenants. Nearby outlots include Walgreens and McDonald's, further enhancing the property's appeal. APN: 15H-63-1891, 15H540920.

Highlights

  • North Oaks Plaza offers 268,893 square feet of rentable space on 18.33 acres at the hard corner of Natural Bridge Road and Lucas-Hunt Road.
  • The property comprises three single-story retail buildings and a three-story office building totaling 268,893 SF of retail and 25,023 SF of office space.
  • Substantial renovations were completed in 1994, 2007, and 2021. Ample parking is provided (4 spaces per 1,000 SF).
  • Over $3,000,000 was invested in 2021 renovations, including upgrades to the GSA Social Security and Senior Medical Center spaces, parking lot improvements, a new roof for Save A Lot, and fresh paint throughout.
  • The plaza benefits from strong co-tenancy with Walgreens and McDonald's (top 15% and top 30% performers nationally, respectively), and Simmons Bank. These outlots are not included in the sale.
  • The property features excellent visibility and multiple access points, including four entrances on Natural Bridge Road (11,295 VPD), one at a semi-signalized intersection, plus rear access via O’Neil Avenue and a nearby fully signalized intersection at Natural Bridge and Lucas-Hunt Roads.

Property Details for 1 Oaks Plz Saint Louis Mo 63121 St

Property type
Lifestyle centers, Power centers
Year Built
1962
Buildings
5
Stories
2
Lot Size (sq. ft)
798,455 SF
Units
68

Location Insight

City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.7014491
Longitude
-90.2910601
1 Oaks Plz Saint Louis Mo 63121 St, St. Louis, Missouri

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1 Oaks Plz Saint Louis Mo 63121 St
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