Brochure - Cassidy Turley

SHOP ‘N SAVE SHOPPING CENTER
15434 Manchester Rd, Ellisville, Missouri
OFFERING
Cassidy Turley is pleased to offer for sale, on behalf of Ownership, the 100% fee simple interest in Shop ‘n Save Shopping Center (“The Offering”) located within the St.
Louis MSA in the affluent West County trade area. The Offering consists of a 118,080 SF grocery anchored neighborhood center that is 89% leased. The Property is
being offered free and clear of debt and provides investors with the opportunity to acquire an asset anchored by a market leading grocer in one of St. Louis’ most desirable
retail trade areas.
HIGHLIGHTS
Dominant Anchor
Shop ‘n Save is a wholly owned subsidiary of SUPERVALU, Inc. (NYSE – SVU), which is a
Fortune 100 company and one of the largest companies in the United States grocery chain.
It currently operates 45 locations in the St Louis area and is recognized as the number two
dominant grocer.
Institutional Ownership
The subject property has been owned and maintained at an institutional level and was renovated
in 1993. It is considered to be in good condition with no significant differed maintenance.
Prospective investors will benefit from the previous ownerships meticulous maintenance record.
Irreplaceable Infill Location
The subject property is well positioned along one of St Louis’ most established retail
thoroughfares; Manchester Rd., in the heart of Ellisville, MO. The location possesses high
barriers to entry that are driven by the existing commercial development along Manchester,
dense residential housing and highly stringent zoning requirements.
Established Tenancy
Shop ‘n Save’s tenancy at The subject property dates back to 1969. The retailer is highly
established in the area and the location serves as an important part of their overall market
presence which has been demonstrated by their continued commitment to the site. With the
exception of Fazio’s all of the other tenants have been in the center for over 10 years.
0G0
Not
Included
0C0
0F0
0B0
0A0
0D0
0E0
Desirable Demographics
The demographics surrounding the subject property provide investors with the rare combination
of strong daytime population and a dense affluent residential population. Within a three mile
radius, there are over 22,000 employees and a residential population of 75,000 people with an
average household income of $82,000.
Not Included
Not Included
Manchester Road
Legend
Suite
Tenant
0A0
Shop ‘n Save
0B0
Fazio’s Frets & Friends
9,566
Square Feet
80,000
0C0
AAA Discount Furniture
5,000
0DO
Vacant
3,000
0E0
Five Star Nails
1,600
0F0
Deal$
8,914
0G0
Vacant
10,000
Total Square Feet – 118,080
Occupied
Vacant
Reinke Road
High Traffic Corridor, Excellent Access & Strong Visibility
Shop ‘n Save Shopping Center is located on Manchester Road, which has traffic counts in
excess of 50,000 vehicles per day. The subject property possesses great visibility from the
thoroughfare and three points of access, one of which is signalized.
36,000 VPD
TRADE AREA AERIAL
16,600 VPD
n Rd
Clayto
23,100 VPD
Clayton Rd
Clarkson Rd
Ellisville
PD
00 V
14,100 VPD
r Rd
este
ch
Man
36,8
Shop ‘n Save S.C.
Shop & Save S.C.
Manchester Rd. & Reinke Rd., Ellisville, MO
Old State Rd
Central Region | MSA: St. Louis (MO-IL) | www.kimcorealty.com/0154A
Mike Slusky
10600 West Higgins Suite 408, Rosemont, IL 60018 | (847) 294-6446 | [email protected]
14,250 VPD New Ballwin Rd
46,600 VPD
Manchester Rd
The information and images contained herein are from sources deemed reliable. However,
Cassidy Turley makes no representation whatsoever as to their accuracy or authenticity.
Reproduction in whole or in part without written consent is prohibited. Information and
images, whether in whole or in part, are defined to include, but not be limited to: aerial
photographs, highways, logos, markers, labels, names, demographic data, site plans, and
architectural renderings. Images shown may be modified for illustrative purposes. Images
may not be current.
PROPERTY OVERVIEW
Shop ‘n Save Shopping Center
Address
Square Feet
Year Built/Redeveloped
Occupancy
Anchor Tenant
Anchor GLA
15434 Manchester Rd., Ellisville, MO 63021
118,080
1969 / 1993
Ellisville Plaza
89%
Shop ‘n Save (SUPERVALU, Inc.)
80,000 SF
FINANCIAL SUMMARY
Shop ‘n Save Shopping Center is being offered “free and clear of any debt and
with no asking price.” Ownership anticipates that investors will consider the
upside potential, high barriers to entry and strength of the submarket.
Projected Year 1 NOI
$770,256
Exclusively offered by:
CAPITAL MARKETS
R. Chase Young
Vice President
[email protected]
314.746.0376
Michael P. Hanrahan
Senior Managing Director, Principal
[email protected]
314.746.0371
FOR FINANCING INFORMATION
Paul M. Hilton
Senior Managing Director, Principal
[email protected]
314.746.0313
7700 Forsyth Blvd, 9th Floor,
St. Louis, MO 63105
T 314.862.7100 / F 314.862.1648
www.cassidyturley.com
Bradley Geiger
Vice President
[email protected]
202-266-1173