122-144 S County Center Way
Saint Louis, MO 63129

Marcus & Millichap is pleased to present for your acquisition review Tenholder Plaza in St. Louis, Missouri. Tenholder Plaza is a 44,5339 square foot shopping destination located at Lemay Ferry Road and South Lindbergh Boulevard in Mehlville- an inner ring suburb of St. Louis. The Plaza sits in front of the 1,044,247 square foot South County Center Regional Mall that draws shoppers and employees from four surrounding counties. Being planted firmly in the strongest retail corridor has in Mehlville has its advantages. In addition to the mall’s attraction, traffic is driven by other national retailers like Sam’s Club, Petsmart, Home Depot, and Best Buy in addition to dozens of eateries. The shopping center provides buyers with immediate access to I-255 and I-55. Investors can enjoy a predictable, passive income as the NNN leases requires minimal landlord responsibility; add to that the peace of mind that comes with staggered rollover and historically low vacancy that comes with site’s excellent visibility. The developer increased that visibility with a pylon and monument signage. Tenants include a diversified mix of e-resistant companies like St. Louis Bread Co, Mattress Firm, Lens Crafters, Great Clips, and Game Stop. The current owner recently completed heavy capital improvements with new roofing, a new parking lot, and added walkways. The improvements provide a boost to the probability of tenants’ long-term commitment to the complex on top of their already low rents. The strong tenant mix, staggered leases already in place, rapidly growing market, and locations guaranteed traffic make Tenholder Plaza a perfect investment opportunity for both experienced and new owners.