BMO Harris Bank

5256 South Lindbergh Boulevard, St. Louis, MO 63126
$3,825,000
Status Available
Price $3,825,000
Cap Rate 5.16%
Price/SF $469
NOI $197,253
Lease Type Absolute NNN
Lease Term 10 Year
Lease Start December 2015
Lease Expiration December 2025
Building Size 8,147 SF
Lot Size 56,628 SF

Overview

This location is 14 miles from downtown St. Louis. The property, situated along South Lindbergh Boulevard, consists of 8,147 square feet of improvements.  With a traffic count of 20,000 vehicles per day, the site features excellent visibility and accessibility with 43 parking spaces and five drive-thrus.

The site benefits from its location in a major retail hub which includes many shopping centers within the immediate area. Notable retail destinations include Ronnie’s 20 Cine and Schnuck’s, a prominent regional grocery store. A dense residential neighborhood surrounds the commercial area and further enhances the viability of the branch.

Within a 5-mile radius, the population and average household income are approximately 213,000 and $80,000, respectively. This branch had substantial bank deposits of $144 million, a testament to the long-term success at this location.