The property was recently renovated, including a new roof, parking lot and new HVAC units limiting the buyer's short term CAPX and maintenance exposure.
Signalized Intersection
Shares a signalized intersection with the Crossings at Northwest that includes Menards and 850,000 SF of Office Space. Visibility to over 30,000 vehicles per day.
Central Location
Located just 16 miles northwest of downtown St. Louis in Bridgeton, MO, home to Missouri's highest volume interstate seeing more than 275,000 vehicles per day. Bridgeton serves as the primary transportation hub within Greater St. Louis. The property is also within close proximity of St. Louis Lambert International Airport. This BioLife Plasma Services is located in a dense retail corridor with national tenants: The Home Depot, Menards, ALDI, Walmart Supercenter, Target, Hobby Lobby and more.
SSM DePaul Health Center
Located 2 miles southeast of the only Level II Trauma Center in North St. Louis County. SSM DePaul serves patients from across from the St. Louis metropolitan area. SSM DePaul is a 476-bed, full-service Catholic hospital and a member of SSM Health Care-St. Louis, founded by the Franciscan Sisters of Mary.
Seller to Escrow Annual Rent
The seller, WDS Construction, Inc., will open a rent escrow at closing for one year of rent for the currently vacant space at a rental rate of $5.00 per square foot. Additionally, the seller will cover all pro-rata maintenance, repair and operating costs as it relates to this vacant space. It should be noted that market rent for this vacant space ranges from $8.00 to $12.00 per square foot, providing potential upside for a buyer.
Market Overview
This BioLife Plasma Services sits on the corner of Blake Dr. and N. Lindbergh Blvd. N. Lindbergh Blvd boasts an average daily traffic count of over 20,000 vehicles per day. N. Lindbergh Blvd serves as an access road to Interstate 270 and is in close proximity of Interstate 70. The two roads being an additional 170,000 and 154,000 vehicles into the immediate area everyday. St. Ann is a suburban community of nearly 14,000 residents located in northwest St. Louis County. The city has one of the most expansive parks systems in the area.
The area has a state of the art healthcare community, including a full-service hospital, rehabilitation facilities, dental offices, and sports medicine centers. SSM DePaul Health Center is a 476-bed, full-service Catholic hospital and a member of SSM Health Care-St.Louis, founded by the Franciscan Sisters of Mary. Opened in 1828, SSM DePaul was the first hospital west of the Mississippi River and remains the oldest continuously existing business in St. Louis. Today, SSM offers the only Level II Trauma Center in North St. Louis County and serves patients from across the St. Louis metropolitan area with concentration in the surrounding communities.
Economic Development
Located directly across from the subject property is The Crossings at Northwest, a 122-acre redevelopment by Raven Development. The property is a public-private partnership success story with Raven, St. Louis County, the City of St. Ann, the State of Missouri, Heartland Regional Economic Fund and U.S. Bancorp Community Development Corporation jointly leading the charge. The property formerly known at Northwest Plaza was a predominantly vacant mall that has been under complete redevelopment since 2010. Today the property is home to Save-A-Lot Corporate Headquarters, Charter Communication Call Center, and retail tenants such as Menards, Ruler Foods, Bob's Discount Furniture, Value-City Furniture, Marshalls Home, Starbucks, Freddy's Frozen Custard, Raising Canes, First Watch, Sherwin-Williams, Discount Tire, Jack in the Box and QuikTrip.
