loader
Join Free
Views: 66 Updated: 12.20.23 Posted: 07.27.23 Status: Inactive

Summary

Price $5,178,000
Built/Renov 1989
Tenant Burlington
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp T and Rated
Size/SF 28,449
Lease Start 02-01-2022
#Units 933
Price/SF $182.01
Expiration 01-31-2032
Tenant Type Big Box Retail
NOI $362,425
R. Term 7.0
Ownership Fee Simple
Rent/SF $12.74
Increases 0.0%/3/yrs
Pop 5Mi 238,603
Lot/AC 5.47
Options 4/5yrs
AHHI 5Mi $69,212

Lease Highlights

  • Burlington recently signed a new 10-year lease with 4 (5-year) options to extend
  • Rent is to increase $1/SF every 5 years during the primary term and at the beginning of each option
  • Favorable NN+ lease with landlord responsibilities limited to roof & structure
  • New roof and a 15-year warranty
  • Corporate guaranteed lease

Location Description

The subject property is part of the North County Festival Shopping Center, which serves as the gateway to Ferguson. It is situated in a prime location shadow-anchored by Walmart Supercenter, Sam’s Club and Planet Fitness at I-270 (120,000 AADT) and West Florissant Avenue (66,000 AADT) with excellent visibility and monument signage. The site benefits from robust demographics in an established...

...

Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Burlington
  • Guarantor:Corp T and Rated
  • Company:Burlington Stores, Inc.
  • # Units:933
  • Tenant S&P: BB+
  • Moody’s: Ba2
  • Stock: NYSE: BURL

About Tenant

Burlington (NYSE: BURL), formerly known as Burlington Coat Factory, is an American national off-price department store retailer, and a division of Burlington Coat Factory Warehouse Corporation....


...

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Pershall Rd Festival Dr 2013 6,652 0.04 mi
West Florissant Avenue Pershall Rd 2016 34,850 0.07 mi
Pershall Rd Festival Dr 2018 9,411 0.09 mi
West Florissant Avenue Dunn Rd 2016 27,720 0.19 mi
I- 270 W Florissant Ave 2013 5,036 0.20 mi
I- 270 Ramp I270 Ramp E 2018 11,652 0.23 mi
W Florissant Ave Dunn Rd 2012 22,629 0.25 mi
I- 270 W Florissant Ave 2013 4,063 0.26 mi
Dunn Rd Sugar Pines Ct 2013 13,836 0.39 mi
I- 270 W Florissant Ave 2019 64,035 0.42 mi

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity