Savers | 2601 Highway K
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Current Real Estate Advisors presents an opportunity to acquire Savers, a ±38,685 SF freestanding retail property situated on approximately 4.24 acres in O’Fallon, Missouri, within the St. Louis MSA. The Property occupies a highly strategic position along State Highway K, which sees more than 33,500 vehicles per day and provides convenient connectivity to I-70 to the north and I-64 to the south, offering direct access to Downtown St. Louis. The asset is supported by a newly executed net lease featuring approximately 10 years of initial term, scheduled rent increases, and three 5-year renewal options, demonstrating the tenant’s long-term commitment to the location. The lease is corporately guaranteed by Savers Value Village, Inc. (NYSE: SVV), providing investors with the strength and transparency of a publicly traded tenant. With limited landlord responsibilities, the NNN structure offers predictable, passive cash flow and an attractive hedge against inflation. Savers has also invested more than $3 million in capital improvements, including a new loading dock with roll-up doors and an industrial-grade waste management system. Located in a highly desirable O’Fallon market with an average household income of approximately $131,342 within three miles, the Property combines strong demographics, durable income, significant tenant investment, and an oversized parcel offering potential long-term reversion value.
Transit data provided by Google. Times and distances are estimates.