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Views: 113 Updated: 12.20.23 Posted: 07.22.23 Status: Inactive

Summary

Price $1,981,000
Built/Renov 1989
Tenant Five Below
Cap Rate 7.00%
Lease Type NN+
Guarantor Corp Traded
Size/SF 9,242
Lease Start 06-01-2023
#Units 1,340
Price/SF $214.35
Expiration 05-31-2032
Tenant Type Dollar/Discount
NOI $138,660
R. Term 7.8
Ownership Fee Simple
Rent/SF $15.00
Increases 10.0%/10/yrs
Pop 5Mi 238,603
Lot/AC 0.00
Options 3/5yrs/10%
AHHI 5Mi $69,212

Lease Highlights

  • Brand-new 10-year lease with 3 (5-year) options to extend
  • New roof with 15-year roof warranty
  • Lease features 10% rental increases at the start of each option period
  • Favorable NN+ lease with landlord responsible for roof and structure
  • Corporate guaranteed lease by Five Below Inc. (NASDAQ: FIVE)

Location Description

Five Below is located at W. Florissant Avenue with access to 66,000 vehicles passing by daily. It is part of the North County Festival Shopping Center which features 11 retail, restaurant, and business outlets. The subject property is situated in a prime location shadow-anchored by Walmart Supercenter, Sam’s Club and Planet Fitness at I-270 (120,000 VPD) and West Florissant Avenue with...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Five Below Inc. (NASDAQ: FIVE) is an American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $6 to $25 and one of the...


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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

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