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187 Carondelet PlazaClayton, MO 63105
Shoppes at the Crescent
Asset ClassRetail
Occupancy100%
Year Built: 2008Weighted Average Lease Term: 5.2 YearsSquare Feet: 26,632Access Data Room
Downtown Clayton Retail Opportunity
overview of deal

Overview

Cushman & Wakefield Retail Investment Advisors present Shoppes at the Crescent (the Property), a 26,637-square-foot commercial condominium located in Clayton, Missouri, just 10 minutes from St. Louis Lambert International Airport and seven miles west of Downtown St. Louis. Clayton is considered the geographic and democraphic center of the St. Louis region. The Property is vertically subdivided at the base of The Crescent Condominium, a nine-story, 71-unit luxury residential condominium. The Property also features a connected covered parking garage with approximately 84 spaces for customers. Located near the lighted intersection of Carondelet Plaza and Hanley Road (25,597 VPD), The Property feature a unique mix of retail, fitness, dining, and service tenants.

 

The Property is 100% occupied and anchored by 801 Chophouse and PNC Bank. At 9,650 SF, 801 Chophouse serves as the Property’s main anchor with a lease term through November 2028 and two, five-year extension options with sales of $900+ psf. The Property’s other anchor, PNC Bank, occupies 4,147 SF with a lease term through Febraury 2034 with three, five-year extension options. PNC Bank also features a coveted drive-thru ATM and teller window. Together, the anchors account for 58% of revenue and 52% of the GLA. This Offering is for the ground floor commercial retail condominium containing approx 26,637 square feet of leaseable area and approximately 84 adjacent garage car parking spaces.

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Investment Highlights

Square Feet
26,632
# Units
10
Year Built
2008
Occupancy
100%
Weighted Average Lease Term
5.2 Years
Parking Spaces
84 Spaces
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187 Carondelet PlazaClayton, MO 63105
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Listing provided by Revere CRE