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Ruler Foods, St. Ann, MO

Ruler Foods

Price $2,273,000
Cap Rate 5.50%
NOI $125,000
Lease Term 10 Years, with 6 Years Remaining
Lease Type Net, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Excluding Roof and Structure
Rental Increases 9% Rental Increases In Options
Year Built 2015
Building Size 18,000 SF
Lot Size 1.35 Acres (58,806 SF)
Status Available
Lead Broker Information Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NET LEASE WITH STRONG CORPORATE GUARANTY
» Guaranteed by The Kroger Company (NYSE: “KG”), rated “BBB” by Standard & Poor’s
» Kroger is the largest supermarket chain by revenue in the United States, with over $121 billion in annual revenue
» New roof with 20-year warranty

HIGH-TRAFFIC LOCATION WITH EASY FREEWAY ACCESS
» Excellent visibility and access to 44,540 vehicles per day directly in front of the property on Saint Charles Rock Road
» Prominent location at signalized intersection
» Immediate access to on- and off-ramps for U.S. Highway 67 (43,800 AADT)
» Close proximity to Interstate 70 (185,895 AADT)

OUTPARCEL TO THE CROSSINGS AT NORTHWEST
» Mixed-use commercial center with a 12-story office tower, big box stores, offices, restaurants, and other retailers
» In front of Menards, which draws customers from a 20-mile radius
» Home to the busiest Raising Cane’s restaurant in the St. Louis region, which is located next to the property
» Location of Save-A-Lot’s new corporate headquarters
» Houses over 3,500 employees and has a $328 million economic impact on the region

CENTRAL ST. LOUIS LOCATION WITH ROBUST DEMOGRAPHICS
» Adjacent to St. Louis Lambert International Airport, the largest and busiest airport in Missouri
» Minutes from SSM Health DePaul Hospital (476 beds and 3,000 employees)
» Near several major employers, including Boeing (14,566 employees), Enterprise Holdings (5,600 employees), and Express Scripts (4,100 employees)
» Across from Holman Middle School and Early Childhood Program (827 students)
» 181,746 residents



Property Description

The property is conveniently located at the signalized intersection of Adie Road and Saint Charles Rock Road, with excellent visibility and access to 44,540 vehicles per day directly in front of the property. On- and off-ramps for U.S. Highway 67 (43,800 AADT) are immediately accessible, and Interstate 70 (185,895 AADT) is nearby. Located in a dense retail and commercial corridor, the property is close to several large shopping center and national tenants, including Home Depot, Walmart Supercenter, Lowe’s, Dollar Tree, Big Lots, and more. The property is outparcel to the Crossings at Northwest, a mixed-use commercial center with a 12-story office tower, big box stores, offices, restaurants, and other retailers. The property is directly in front of one of the Crossings at Northwest’s anchor tenants, Menards, which attracts customers from a 20-mile radius. Among the center’s 70 tenants, other notable retailers include Value City Furniture; the busiest Raising Cane’s restaurant in the St. Louis region, which is located directly next to the property; and one of the St. Louis region’s top-performing Starbucks.

Centrally located in a busy commercial region, the property is close to many large employers and important community amenities and is supported by a strong customer base. The Crossings at Northwest is home to several large offices, including a Charter Communications call center, a number of offices for St. Louis County, and Save-ALot’s corporate headquarters. The Crossings—which St. Louis County officials tout as having a $328 million economic impact on the region—is more than 90% occupied and has over 3,500 employees. In addition, several other major employers are located within a few miles of the property, including Boeing (14,566 employees), Enterprise Holdings (5,600 employees), and Express Scripts (4,100 employees). In total, 168,649 daytime employees work within five miles of the property. Also nearby are important community amenities—like SSM Health DePaul Hospital (476 beds and 3,000 employees) and St. Louis Lambert International Airport—and notable developments, such as the $68 million multi-purpose ice sports facility that will serve as a practice facility for the National Hockey League’s St. Louis Blues.

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