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.
925 Plaza (MLS #20007388) is a commercial listing located in St Ann, MO.
This commercial listing is 45,314 sqft and on a lot of 180,774 sqft (or 4.15 acres) and is 28 years old. This property was listed on 02/13/2020 and has been priced for sale at $4,100,000.