925 Northwest Plaza

Estimated Monthly Payment: $18,697/mo 925 Northwest Plaza, St Ann, MO 63074 MLS# 20007388 Commercial & Indr. Listing Status: Active
45,314 sqft
10
7
0
0

REMARKS:

9.5 CAP RATE Fee simple interest in a single tenant net-leased retail property at 925 Northwest Plaza. This subject property was originally built as a Rothman Furniture based here in Saint Louis for over 90 years. Flash forward to late 2018 Rothmans CEO merged and sold his retail operations to billion dollar furniture retail operator Art Van Furniture. This exchange allows Saint Louis to now to carry more furniture lines faster and appeal to a larger demographic in our local market and growing. In early 2019, in their planned goal to expand their number of corporate stores nationwide, Art Van bought the retail business and signed new NNN 5-5 YEAR TERM corporate leases with four more five year terms remaining there after. Art Van now owned by private equity giants THLEE is thriving at these locations and is now looking for 2 more opportunities here in St. Louis in a need to expand their growing portfolio.

OVERVIEW:

Commercial & Indr.
Active
Pattonville
Northwest Plaza 4 Lt 5 & Northwest
45314
180774
Other/None
Other
Public
Public
1992
Brick, Metal or Steel
Other Roof Type
Parking Lot, Paved Asphalt
4.15

FEATURES:

St. Ann

SCHOOLS:

Pattonville

FINANCIAL:

$4,100,000
2019

NEIGHBORHOOD & SCHOOL INFORMATION:

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