2101 East Terra, O'Fallon, MISSOURI 63366

$5,400,000
168,395
SqFt
List Price
$5,400,000
Days on Market
13
MLS#
20007402
Status
ACTIVE
Living Sq. Ft
168,395
Lot Size
248,728
Sq. Ft. Above
168,395
Acres
5.71
Year Built
1980
Age
40
Subdivision
Trails Riverwood 02
Municipality
O'Fallon
County
St Charles
Listing Type
Commercial

Property Description

9.5 CAP Fee simple interest in a single tenant net-leased retail property at 2101 East Terra Lane. This subject property was originally built as a Rothman Furniture based here in Saint Louis for over 90 years. Flash forward to late 2018 Rothmans CEO merged and sold his retail operations to billion dollar furniture retail operator Art Van Furniture. This exchange allows Saint Louis to now to carry more furniture lines faster and appeal to a larger demographic in our local market and growing. In early 2019, in their planned goal to expand their number of corporate stores nationwide, Art Van bought the retail business and signed new NNN 5-5 YEAR TERM corporate leases with four more five year terms remaining there after. Art Van now owned by private equity giants THLEE at these locations and is now looking for 2 more opportunities here in St. Louis in a need to expand their growing portfolio.

Additional Information

Parking Description
Paved Asphalt
Special Description
Renovated
Cooling
Other
Sewer
Public
Heating
Other/None
Water
Public
Price Per Sq. Ft
32.07
Taxes Paid
111319
Selling Terms
Private, Other

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Listing courtesy of Realty Shop.

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