Cave Springs Shopping Center

St. Peters, Missouri
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Offering Highlights

St. Louis Area community center with tremendous location/visibility along I-70 (114k VPD) at Cave Springs Road. 91% occupied featuring Hobby Lobby, Edge Fitness (new 15 year lease), Office Depot (new renewal). Northern Tool, Hooters, Longhorn Steakhouse, O'Charley's, Verizon and others.

Significant upside via lease-up of 15,232 SF and potential sale of four outlots.

$90k Avg HH Inc and 68k population (3m radius). 10% population growth in St. Charles County over past 10 years.

Institutionally maintained and operated. New roof over 31% of property. Projected CAGR (11 years) of 3.2%. Sale price below replacement cost.
Status: Offers Due

Marketing Team

John May
o: (630) 990-7979
c: (630) 379-4500
john@mayre.com
Chris LaBounty
o: (630) 990-7997
c: (630) 263-2603
chris@mayre.com