Colliers International, as exclusive advisor, is pleased to present the opportunity to acquire a 100% fee simple interest in the Vogel Road Centre, (“The Property”), a 14,400 square-foot retail strip center situated on 2.08 acres of land in Arnold, MO (St. Louis MSA).
Built in 1999, the highly visible asset features a complementary mix of national and local service-oriented tenants with nearly 50% of the rent roll consisting of legacy tenants with more than 15 years of operating history at the Property. The center is adjacent to the Richardson Crossing shopping center anchored by Schnucks, St. Louis’s market dominant supermarket and directly across the street from Home Depot and Target. Strategically situated along Vogel Road, the Center is immediately west of Interstate 55 (I-55), the trade area’s arterial thoroughfare with impressive average traffic counts of over 110,000 vehicles per day and located less than 20 miles south of downtown St. Louis, MO.
The surrounding area features dense residential housing directly to the south and west of the shopping center, making its location easily accessible to the rest of the commercial development along Vogel Road and the residential neighborhoods. The Property boasts a population of 96,000 within a 5-mile radius with average household incomes of $92,000. Positioned at the southern end of its competitive trade area, the Property benefits from a critical mass of nearby national retailers including, Walgreens, Target, Home Depot, Schnucks, Save-A-Lot, McDonald’s, Marcus theatre, Valvoline, Burger King, Advance Auto, and many others. In addition, the National Geospatial Intelligence Campus West is located directly behind the Property and employs more than 7,000 people onsite.
At 84% occupied, Vogel Road Centre offers investors a value-add opportunity through the lease up of the last remaining vacant suite comprised of 2,280 square-feet.
- St. Louis Retail Portfolio | 62,400 SF | $9,280,000