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Gravois Place offers investors the opportunity to acquire a well located retail property whose anchor tenant has 10 years left of its initial 15 year lease at a good yield on existing income with lots of upside through leasing the 30,000 square foot vacancy.INVESTMENT HIGHLIGHTS-Corporate guaranteed lease to Gold' s Gym with 10 years left remainining-This Gold's Gym location is their top-grossing location in the St. Louis area -Well-located near Gravois Bluffs, a 1,500,000+ SF retail power center featuring tenants such as Wal-Mart, Lowe's, Target, Kohl's and Walgreens -Priced based on existing income with an additional 30,000 SF of lease up opportunity-Neighborhood Center that went through numerous renovations in 2007 The Fenton location is highly dense with a 5-mile radius population of over 131,000 people. The Property is minutes from Highway 141 and approximately 2.5 miles from I-270.
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