Savers - St. Louis MSA, MO
2601 Highway K| O’Fallon (STL MSA), MO 63368
Current Real Estate Advisors is pleased to present the opportunity to acquire Savers (the “Property”), an exceptionally well-located ±38,685 SF freestanding building situated on approximately 4.24 acres, located in O’Fallon (STL MSA), MO. The Property is strategically positioned along State Highway K (33.5K+ VPD) – connecting north to I-70 and south to I-64, for direct accessibility to the center of Downtown St. Louis.
The Property is secured by a newly inked net lease, with limited landlord responsibilities and ±10 years of a brand-new lease term. Further, it includes various attractive increases every 5 years, as well as 3, 5-year options – demonstrating corporate commitment to the location. The lease is corporately guaranteed by Savers Value Village Inc. (NYSE: SVV), which creates visibility of their financial performance, which has increased year over year.
The Property presents a unique opportunity for an astute investor to acquire a property with longterm stability, stable cash flow and excellent underlying real estate fundamentals on an oversized parcel for additional future reversion value.
