Desloge Retail Center

Price: $2,123,700
Sq. Ft.: 10,075
Cap Rate: 7.75%
Built: 2003
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Desloge Retail Center is a 10,075-square-foot retail center that is shadow-anchored by a Walmart Supercenter in Desloge, Missouri. The building is currently 100 percent occupied, and all leases are triple-net. The center is anchored by Rent-A-Center and has a complementary mix of service-oriented tenants including Verizon, L&V Nails, and Cricket Wireless. Landlord states the Cricket Wireless franchisee (Gateway Wireless, LLC) has expressed this location is among their best in the region. Constructed in 2003, the property is situated on a 1.04-acre parcel.

Desloge Retail Center is located between Highway 67 and Walmart Supercenter off North State Street with multiple ingress and egress points. Traffic counts along Highway 67 exceed 13,209 vehicles per day. The center is shadow-anchored by a high-traffic Walmart Supercenter, with more than 2.2 million visitors per year. Other neighboring national retailers include Dirt Cheap, McDonald’s, Taco Bell, Burger King, Pizza Hut, Anytime Fitness, AutoZone Auto Parts, Dollar Tree, AT&T, Walgreens, O’Reilly Auto Parts, Metro by T-Mobile, The UPS Store, and many more. The average household income is $48,160 within one mile; $49,608 within three miles; and $55,382 within five miles.  The population is 27,708 within a five-mile radius.

  • 10,075-Square-Foot, Multi-Tenant Retail Center
  • Shadow-Anchored by a Walmart Supercenter | Major Traffic Driver to the Area with an Estimated 2.2 Million Visitors Annually (source: Placer Labs Inc.)
  • 100% Occupied | All Leases are Triple-Net | All Tenants Have Renewal Options
  • Strong Tenant Base Comprised Largely of National Retailers |  Anchored by Rent-A-Center | Cricket Wireless Operator is One of the Largest Cricket Wireless Authorized Retailers in the Midwestern United States | Verizon Lease has a Personal Guaranty
  • Two of the Tenants have been in the Center for 10+ Years
  • Located Off North State Road Between Highway 67 and Walmart Supercenter | Multiple Ingress and Egress Points | Traffic Counts Exceed 13,209 Vehicles per Day
  • Located in the City’s Primary Retail Trade Area | Nearby National Retailers Include Dirt Cheap, McDonald’s, Taco Bell, Burger King, Pizza Hut, Anytime Fitness, AutoZone Auto Parts, Dollar Tree, AT&T, Walgreens, O’Reilly Auto Parts, Metro by T-Mobile, The UPS Store, and More
  • One-Mile Average Household Income is $48,160 | Three-Mile Average Household Income is $49,608 | Five-Mile Average Household Income is $55,382
  • Desloge is Located Approximately 60 Miles South of St. Louis, Missouri