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RealINSIGHT Marketplace and Cushman & Wakefield are pleased to present:

  • High-Performance Grocery Anchored Center - The Center is currently 97% occupied and has exhibited an average occupancy level of 93% over the past 5 years.
  • Durable Income Stream with Term Remaining - In-Place NOI of nearly $2.0 million with a weighted average remaining lease term of 5 years.
  • Powerful Entertainment and Dining Draw - The Property enjoys a popular 12-screen movie theater and an abundance of dining options that draw patrons.
  • Strong Grocer Sales Performance - Grocer Shop ‘N Save reported to enjoy above average store sales at this location.
  • Affluent and Growing Submarket - Located within the fastest growing submarket of St Charles County with significant new residential development occurring in the immediate area.
  • Shadow Anchored - Target and JCPenney each own their respective parcels enhancing stability and commitment to the Center.
  • Ideal Parcel Configuration - With 8 parcels (including one ground leased to Red Robin), there is potential for a separate monetization strategy.

Prospective Investors are provided the unique opportunity to acquire a 97% leased grocery anchored shopping center located in the affluent St Louis suburb of Dardenne Prairie, MO (the “Property” or “Center”).  The Center has exhibited high historical occupancy levels, has an attractive income stream and 5 years of weighted average lease term remaining.  The improvements consist of 147,376 square feet within a larger 412,602 square foot community center at the intersection of I-64 and Route 364 / Page Extension.  The Center is shadow anchored by Target, JCPenney, and Petco.

The Property is anchored by popular grocer Shop ‘N Save and 12-screen movie theater Wharenburg.  Additional tenants include dining establishments of Red Robin, Town Square Pub ‘N Grub, Qudoba, and Happy China as well as other community services related in-line tenants. Constructed in 2006 and situated on a ~22.05 acre site, the Property has great highway visibility and is situated in a strong demographic trade area.

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CW Capital Markets and Cushman & Wakefield
Financing Options to Facilitate your Purchase of the Property


ADVANTAGE OF USING CUSHMAN & WAKEFIELD

  • Access to the property for lender due diligence (3rd party reports)
  • Reliable execution team with 25 years of experience in debt / equity and structured finance
  • Multiple lenders with pre-approved quotes
  • Access to lenders with experience and knowledge of the auction process


OPTIONS

  • C&W preliminary underwriting completed
  • Source of capital: banks / debt fund / CMBS / life company
  • Fixed and floating rate debt options
  • Loan Terms: 3 yr. fixed or floating / 5 yr. fixed or floating / 7 yr. fixed or floating / 10 yr. fixed
  • LTV: 50% -75%
  • Non-Recourse
  • Interest Only
     

NEXT STEPS

  • Contact: John Campanella at (202)-266-1183 or John.Campanella@cushwake.com
  • Complete your Debt Placement Agreement
  • Register Bid
  • Win Auction
  • Complete Lender Checklist
  • Close Loan

 

John J. Campanella
Executive Managing Director
Equity, Debt and Structured Finance
Direct: 202-266-1183
john.campanella@cushwake.com

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Dardenne Town Square

7805-7959 Highway North, Dardenne Prairie, MO 63366

Sold

Asset Snapshot

  • Asset Type
  • Real Estate
  •  
  • Retail Type
  • Community Center
  • Anchor
  • Yes
  • Anchor Tenant(s)
  • Shop 'n Save, Movie Theater
  • Property Size
  • 147,376 Sq Ft
  • Land Area
  • 22.05 Acres
  • Year Built
  • 2006
  • Number of Floors
  • 1
  • Number of Buildings
  • 5
  • Parking Count
  • 1,168
  • Occupancy
  • 96.42%
  • Occupancy as of
  • Jun 30, 2018
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Gary D. Ryther

      c/o Fisher Auction Company Inc.

      License: #199018502