Best Buy - St. Peters, MO

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Pricing and Location


Price:   $6,778,500

Address:   550 Mid Rivers Mall Dr., St. Peters, MO 63376

Status:   Available

Property Details


CAP Rate: 8.0% Year Built: 1999
Net Rentable Area: 45,190
NOI: $542,280

Marketing Materials


Property Description


The subject property is a 45,190 +/- sf freestanding NN Best Buy located in St. Peters, MO, approximately 25 miles from St. Louis. The Mid Rivers Mall is anchored by Macy's, Sears, JCPenny, Dick's Sporting Goods, Dillards, and also has over 75 specialty shops. Other retailers in the immediate area include: Chili’s, Jo-Ann's, Marshalls, Wehrenberg 14 Cinema, Costco, hhgregg, Menards, Ruby Tuesdays, Pier I Imports, HomeGoods, and Bank of America. Best Buy has operated at the location for over sixteen years and has 3.4 years left on the first option with two (2) 5 year options remaining.

Area Map and Street View


What Clients Are Saying                                     
 

"I want to thank for your part in helping us achieve our sale leaseback goals for 2009. We are pleased with the balance you helped us achieve between sales price, rent and overall cap rate. I would not hesitate to recommend you and your firm to other potential clients. Feel free to use me as a reference."
Joe Cirelli/The Pep Boys Manny, Moe & Jack

Contact Us

NNN Deal
in association with Marcus & Millichap

16830 Ventura Blvd. Suite 100
Encino, CA 91436

Lior Regenstreif
First Vice President, Investments
Senior Director, National Retail Group
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Rebekah Zweiban Wallack

Senior Research Analyst
Special Projects Coordinator
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Toll Free: 888.NNN.DEAL
Phone: 818.907.9525
Fax: 818.907.8557