Colliers International, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Blackstone Center, (“The Property”), an 88% leased, 25,906 square-foot retail strip center located in St. Peters, MO (St. Louis MSA). The Property is perfectly positioned on the signalized hard corner of Cave Springs Rd & Veterans Memorial Pkwy and features direct visibility from Interstate 70.
The Property’s irreplaceable location offers excellent visibility, access, and frontage with impressive combined daily traffic counts of over 155,000 VPD. Blackstone Center is situated on a 2.14-acre in-fill site directly in front of Home Depot Plaza, a 250,000 SF regional shopping center anchored by investment grade retailers Home Depot and Target. The immediate trade area is host to a surplus of other investment-grade and national tenants including TJ Maxx, Dollar Tree, Hobby Lobby, Northern Tool & Equipment, QuikTrip, McDonald’s, Region’s Bank, and many others. In addition, the Property is within one mile of the BJC St. Peters Hospital Campus, a renowned cancer care center and 127-bed hospital with more than 400 physicians.
The current tenant lineup features staggered lease expirations and boasts a diverse, well-established mix of e-commerce resistant, service-oriented tenants which includes AT&T and Advance Training & Rehab. The secure and stable asset offers investors additional upside potential through lease up of the two remaining vacancies totaling 3,177 square-feet.
Located within St. Charles County, the property is situated in the fastest growing county in the state of Missouri, boasting a population of nearly 400,000 and projected growth of 9% over the next 5 years.
Blackstone Center sits at a densely populated location with great interstate access in one of the best retail trade areas in the St. Louis MSA.
EXCELLENT VISIBILITY & ACCESS: Off Interstate 70 & Cave Springs Rd With Combined Traffic Counts Of More Than 155,000 Vehicles-Per-Day.
IDEALLY POSITIONED: Positioned on The Signalized Hard Corner of Cave Springs Rd & Veterans Memorial Pkwy, Directly In Front Of A 250,000 SF Regional Shopping Center Anchored By Investment Grade Retailers Home Depot & Target.
LOCATED IN THE FASTEST GROWING COUNTY: Located In St. Charles County, The Fastest Growing County In The State Of Missouri, Boasting A Population Of More Than 400,000 And Projected Growth of 9% Over The Next 5 Years.
VALUE-ADD OPPORTUNITY: Value-Add Potential Through Lease Up Of The Two Remaining Vacancies Totaling 3,177 Square-Feet.
EXCELLENT DEMOGRAPHICS: 390,000 Residents Within A 10-Mile Radius With Average Household Incomes Exceeding $100,000.
DIVERSE, E-COMMERCE RESISTANT: Tenant Lineup Features Staggered Lease Expirations & Boasts A Diverse, Well-Established Mix Of E-Commerce Resistant, Service-Oriented Tenants.
TRIPLE NET LEASE STRUCTURES: All Tenants Include Triple Net Lease Structures With Each Tenant Being Responsible For Its Proportionate Share Of Real Estate Taxes, Insurance, And Common Area Maintenance.
