The Fresh Market NNN Property For Sale — Creve Coeur, MO
11557 Olive Blvd., Creve Coeur, MO 63141
This newly constructed single-tenant property presents an excellent investment opportunity within the vibrant CityPlace master-planned development in Creve Coeur, MO, a premier retail trade area. The 25,653 square foot building is fully occupied by The Fresh Market on a new 15-year NNN lease with scheduled rental escalations. Headquartered in Greensboro, NC, The Fresh Market operates 150 stores across 26 states with approximately $1.4 billion in annual revenues. The property is strategically located at the prime intersection of Olive Blvd and CityPlace Drive, east of the I-270 beltway in the affluent West County corridor, known for its high household incomes (over $102,000 within a one-mile radius). The immediate area features a dense infill office CBD and upscale retail developments, ben…
- Address: 11557 Olive Blvd., Creve Coeur, MO 63141
- Asking price $9.50M
- 5.00% cap rate
- NOI $475,000
- 15 years remaining
- NNN lease
- Building size: 25,653 SF
- Lot size: 2.21 acres
- Rent increases: every 5 years; including all option periods
- Guarantor: Corporate
Location
This The Fresh Market property is at 11557 Olive Blvd. in Creve Coeur, Missouri.
Asset type: Retail - Free Standing