Aldi and Ace Hardware
51,540 SF | 100% Leased | 4-Star Retail Building | Ballwin, MO 63021 | $6,754,000 ($131/SF) | 7.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $6,754,000
- Property Type
-
Retail
- Square Feet
- 51,540 SF
- Price / Square Foot
- $131
Listing Contacts
Graham Gold
Verified Profile
Danny Karbowski
Verified Profile
- Property Info
Property Overview
100% occupied shopping center
anchored by Aldi and Ace Hardware, which are both corporate leases
and comprise 2/3 of the income.
anchored by Aldi and Ace Hardware, which are both corporate leases
and comprise 2/3 of the income.
Property Details
- Class
- A
- Year Built/Renovated
- 2007/2022
- Stories
- 1
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 252,212 SF
Highlights
- Aldi signed an initial 15 year lease term and Ace signed a 10 year lease, providing for long-term passive cash flow.
- The property was recently renovated, featuring an updated facade and parking lot improvements.
- 5.8 acre parcel with 269 parking spaces.
- There are 64,000 residents earning an average household income of $126,000 within three miles of the site.
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