Abs. NNN Walgreens | Rare Rental Increases | Prime… — Sale in Saint Charles, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Saint Charles, MO 63301

Photos

Abs. NNN Walgreens | Rare Rental Increases | Prime… — Sale in Saint Charles, MO, photo 1 of 2
Abs. NNN Walgreens | Rare Rental Increases | Prime… — Sale in Saint Charles, MO, photo 2 of 2

Investment Figures

Cap rate
6.75%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present for sale this Absolute Net Leased Walgreens located at 2329 W. Clay Street in Saint Charles, Missouri, a highly desirable suburb within the St. Louis Metropolitan Statistical Area. Saint Charles serves as the county seat of Saint Charles County and is home to more than 70,000 residents, making it the ninth-largest city in Missouri. The Property consists of a freestanding 17,612-square-foot Walgreens with Drive-Thru situated on an expansive 2.60-acre parcel, offering exceptional underlying real estate value in one of the St. Louis region’s strongest retail corridors. Saint Charles serves as a major commercial and employment hub for the western St. Louis metropolitan area, benefiting from a diverse economic base driven by healthcare, aerospace, manufacturing, telecommunications, higher education, and tourism. Major employers include Boeing, Ameristar Casino Resort Spa, St. Joseph Health Center, AT&T Missouri, Lindenwood University, and Central States Coca-Cola, supporting a stable and growing employment base. The Property is surrounded by dense residential development, including numerous established apartment communities such as Villa Roma Apartments, Courtland Ridge Apartments, Lago Vista Apartments, Cedarbrook Apartment Homes, Country Club Place, The Glen at Bogey Hills, Metro on 5th, Crestview Apartments, St. Andrews Apartments, and River Crossing Apartments. Continued residential growth is further supported by nearby master-planned communities including The Villages at Sandfort Farms, Villages of Provence, TR Hughes Homes at Charlestown, and Charlestown Landing. The surrounding trade area is further strengthened by a significant higher education presence, including Lindenwood University, St. Louis Community College, Chamberlain University, John Thomas College, and Allied College, collectively serving tens of thousands of students throughout the region. Additionally, the Property benefits from its proximity to nu

Market Context

This retail in Saint Charles, MO is listed for sale. It is offered at an approximate 6.8% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Saint Charles, MO — view the full market.

As of Q4 2025, the St. Louis retail market showed a 4.4% vacancy rate, average asking rents near $15.38/SF/yr, and rents up 1.2% year over year. Source: multiple brokerage reports, Q4 2025.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

Is the St. Louis retail market tightening or softening?
Vacancy is around 4.4%, with asking rents rising year over year (Q4 2025).

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