- 25,558 SF office building situated on 3.65 acres with excellent visibility along I-55.
- Ideal for an investment buyer seeking a value-add opportunity, this property offers an attractive 9.48% cap rate based on in-place NOI, below-market rents with upside potential, and a low basis for future value creation.
- Anchored by the State of Missouri, a long-standing tenant with 24 years of continuous occupancy and a newly signed lease agreement.
- Value-add potential through lease-up of vacant suite, capturing higher market rents, and securing longer-term leases with annual rent escalations.
- Great visibility and access with 115,000+ combined vehicles per day on I-55 and 15,000+ vehicles per day at on W Outer Rd.
- Located in Arnold, a high-growth submarket of Jefferson County with strong demand for office and service tenants.
- Location near major highways and residential communities makes property attractive to both employers and state agencies.
- Surrounded by retailers including Target, Walmart, Schnucks, Home Depot, McDonalds, Culver’s, Taco Bell, and many more.
8110-8116 Veterans Memorial Pkwy, St. Peters, MO 63376
3.03 Acres Combined, three adjacent parcels 4,000± SF between two buildings; former auto dealership with PUD for used car sales in St. Peters Excellent visibility from Hwy 70 (108,000+ VPD) with 525’± of frontage on Veterans Memorial Pkwy Ideal location for many uses:...
