Assignment – Chippewa Center 2019-01-18T14:59:12+00:00

ST. LOUIS, MO

CHIPPEWA CENTER

  • Price  $11,222,958
  • Cap Rate 8.0%
  • NOI $897,836.64
  • Square Feet 147,920
  • Percent Leased 100%
  • Total Land 13.5 Acres
OFFERING MEMORANDUM

INVESTMENT HIGHLIGHTS

Schnucks Super Markets just took over the long time former Shop N’ Save store location as part of its St. Louis area wide 19 store Supervalu acquisition. Chippewa center was 1 of the first 3 stores converted to the Schnucks Grocery banner and opened for business. The store’s new upgrades include installing new point-of-sale systems, new Schnucks branded signage and merchandise restocking.

The Property is located in an area that offers high population density and average household incomes that exceed the national average. Within a 3-mile radius there are 140,000 people with an average household income of $77,655.

The subject property is strategically positioned along Watson Rd., the primary retail corridor within the trade area, which carries approximately 30,000 vehicles per day and is just 10 miles southwest of downtown St. Louis along Interstate 44.

Schnucks is one of the largest privately held grocers in the United States, and currently operates more than 119 stores across 5 states. Founded and headquartered in Saint Louis, MO, Schnucks is well-recognized as the Midwest’s premier grocery store.

The +/- 13.5-acre site provides the new owner significant upside potential with excess parking and ample space for additional out lot development opportunities along a major thoroughfare.

OFFERING MEMORANDUM