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Retail

Olde Towne Plaza

Ballwin, MO

288,074 SqFt

Built in 2001

Core Plus

Investment Highlights

  • 99 Percent Occupied, 288,074-Square-Foot Lowe's Anchored Shopping Center in Infill, Affluent Suburb of St. Louis, Missouri
  • Brand-New 10-Year Lease Extension by Lowe's (47.0 Percent of Gross Leasable Area, 9/2032 Expiration); Ranked 20th Out of 45 Missouri Lowe's in T12 Foot Traffic (Source: Placer.ai)
  • 9.7 Years of WALT; New 10-20 Year Leases/Extensions on 80 Percent of Occupied Gross Leasable Area
  • Substantial Pad/Parcel Spin Opportunities: Separately Parceled Lowe's (9/2032 Expiration), Free-Standing Starbucks (8/2027 Expiration), Texas Roadhouse Ground-Lease (8/2032 Expiration), and FedEx-Anchored Outparcel Strip
  • Planet Fitness (10.4 Percent of Gross Leasable Area) Signed 20-Year Lease in 2020 (7/2040 Expiration); 10 Percent Bumps Every Five Years; Top 7 Percent Nationally and Statewide in T12 Foot Traffic (Source: Placer.ai)
  • 98 Percent of Occupied Gross Leasable Area Leased to 2027 and Beyond; 82 Percent of Occupied Gross Leasable Area Leased to 2031 and Beyond
  • Infill/Affluent Demographics: 12,000 Residents ($101,000 Average Household Income) in One-Mile; 81,000 ($127,000 Average Household Income) in Three-Miles; 157,000 ($137,000 Average Household Income) in Five-Miles
  • Property Saw 2.4 Million T12 Customer Visits; Top 40 Percent Nationally/Statewide/Regionally in Shopping Center Visits (Source: Placer.ai)

Exclusively listed by

Broker of Record

David Saverin

Regional Manager

(314) 889-2500

License(s): MO: 2008013520

Missouri

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