Walgreens

4650 State Highway K, O'Fallon, MO 63368
$5,988,000
Status Under Contract
Price $5,988,000
Cap Rate 4.95%
NOI $296,400
Price/SF $404
Lease Type Absolute NNN
Lease Term 13 Years
Lease Start 9/1/2022
Lease Expiration 8/31/2035
Building Size 14,820 SF
Lot Size 2.84 AC

Overview

Situated 30 miles west of downtown St. Louis, Walgreens is located with excellent access and visibility on State Highway K (9,251 VPD), where it is adjacent to the on-ramp to Interstate 64 / US Highway 40 (47,933 VPD).

The property is strategically positioned adjacent to QuikTrip gas station, across from Marriott’s Residence Inn (108 rooms) to the south, and a shopping center anchored by Friar Tuck Beverage and Starbucks to the west. Directly southeast of Walgreens is Progress West Hospital (42 Inpatient Beds) – a premier facility offering a comprehensive range of medical services including pediatric care from St. Louis Children’s Hospital physicians.

O’Fallon (Population: 91,545) is a city in St. Charles County, Missouri. The area is a component of the St. Louis Metropolitan Statistical Area, which has a population of over 2.8 million, making it the country’s 21st most populous MSA.