Portfolio: 5-Building Retail Center

Retail: Neighborhood Center (Grocery Anchored)

1588 - 1692 Gravois Road, High RidgeMO 63049

Property Details

Location

Address
1588 - 1692 Gravois Road, High RidgeMO 63049
County
JEFFERSON
Submarket
STL - South County
Parcels
02300701003004, 02300701003002
Business Park
Country Charm Plaza

Building Size

Building Size
47,632 SF

Building Details

Type
 Retail: Neighborhood Center (Grocery Anchored)
Number of Buildings
5
Occupancy Type
Multi-tenant
Percent Occupied
Building Class
B
Building Status
Existing
Floors
2
Year Built
1957
Sprinklers
Primary Const.
Wood
Parking Ratio
Condominiumized
Yes

Land & Utilities

Land (Acres)
6.39 Acres
Land (SF)
278,223 SF
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

5 Building Portofilo

47,632 SF$4,195,000
Gershman Commercial Real Estate

Gershman Commercial Real Estate is pleased to present this 47,632 SF retail property, consisting of five buildings available for sale. This property is fully leased except for one vacancy, and is a great

opportunity for value-add investors. Rents are well below market and includes operating expenses. A new owner can increase rental rates and convert to NNN leases.

Building Addresses:

Bldg 1: 1588-1610 Gravois Rd - 12,000 SF, 67% Leased

Bldg 2: 1670-1692 Gravois Rd 16,800 SF, 100% Leased

Bldg 3: 1630-1640 Gravois Rd 15,184 SF, 100% Leased

Bldg 4: 1607-1609 Gravois Rd 2,366 SF, 100% Leased

Bldg 5: 1612 Gravois Rd 1,282 SF, 100% Leased

The property is located in High Ridge on Gravois Road, with daily traffic counts of 17,978 vehicles per day. Nearby tenants include QuikTrip, Walmart, Schnucks, CVS and Walgreens. Large tenants in the center include Kelly’s Resale & Collectibles, Jilly’s Cafe & Steakhouse and American Family Insurance. The property is situated on 6.32 acres and is being offered for $4,195,000.

Gershman Commercial Real Estate

Gershman Commercial Real Estate is pleased to present this 47,632 SF retail property, consisting of five buildings available for sale. This property is fully leased except for one vacancy, and is a great

opportunity for value-add investors. Rents are well below market and includes operating expenses. A new owner can increase rental rates and convert to NNN leases.

Building Addresses:

Bldg 1: 1588-1610 Gravois Rd - 12,000 SF, 67% Leased

Bldg 2: 1670-1692 Gravois Rd 16,800 SF, 100% Leased

Bldg 3: 1630-1640 Gravois Rd 15,184 SF, 100% Leased

Bldg 4: 1607-1609 Gravois Rd 2,366 SF, 100% Leased

Bldg 5: 1612 Gravois Rd 1,282 SF, 100% Leased

The property is located in High Ridge on Gravois Road, with daily traffic counts of 17,978 vehicles per day. Nearby tenants include QuikTrip, Walmart, Schnucks, CVS and Walgreens. Large tenants in the center include Kelly’s Resale & Collectibles, Jilly’s Cafe & Steakhouse and American Family Insurance. The property is situated on 6.32 acres and is being offered for $4,195,000.

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

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