Highlights
• 5+ years remaining on triple-net ground lease; two 5-year renewal options • 8% rent increase in each renewal option • Located at signalized intersection, 0.2 miles south of 51,000+ AAWDT State Highway 141 • 0.5 miles from 184-bed SSM Health St. Clare Hospital; 1.9 miles from 300-acre Fenton Logistics Park • Within St. Louis MSA (population 2.81M); 19.7 miles SW of downtown St. Louis • Tenant: Regions Financial Corporation — $9.4B revenue in 2024
Description
Marcus & Millichap is offering for sale the fee simple interest in a 3,552-square-foot drive-through bank in Fenton, Missouri, with over five years remaining on a triple-net ground lease to Regions Bank. The lease includes two five-year renewal options, each with an 8% rent increase to account for inflation. The property is located on the southwest corner of the signalized intersection of Bowles Avenue and Smizer Mill Road, featuring a curb cut on each street and a double drive-through. Nearby, the 184-bed SSM Health St. Clare Hospital sits 0.5 miles north across State Highway 141, and the Fenton Logistics Park is 1.9 miles north along Interstate 44. Fenton, a suburban city 19.7 miles southwest of downtown St. Louis along the Meramec River, has a median home value of $362,800 and an average household income of $123,685 within five miles. Major employers include Maritz, Panera, and BJC HealthCare. Regions Financial Corporation, headquartered in Birmingham, Alabama, is traded on the NYSE under ticker RF and ranks No. 433 on the Fortune 500. Through Regions Bank, the company operates 1,249 branches offering personal, small business, commercial banking, and wealth management services. This offering provides investors with the security of a triple-net ground lease and a prime hard-corner location within the St. Louis metropolitan area.
Listing Details
- Cap Rate
7%
- Tenancy
Single
- Space Type
retail
- Sub Category
bank
- Date Listed
10/15/2025
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$58,320
- Parking Info
22
Property Specifics
- Property Name
Regions Bank
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
1990
- Building Size
3,552 SF
- Lot Size
0.99 AC
- APN
28P-63-0497
- Zoning
R3
- Occupancy
100%