Highlights
• 15+ years remaining on corporately guaranteed NNN ground lease • Five 5-year renewal options; 8% rent increase at start of each • 1.72-acre corner parcel on 43,200+ AAWDT signalized intersection • Across from 190-unit Prairie Encore luxury apartments (opening Fall 2025) and 266-home Inverness development • 0.5 miles north of State Route 364, 2.4 miles east of I‑64, 2 miles south of I‑70 • Affluent suburb 35 miles NW of downtown St. Louis; 1-mile average household income $144,247
Description
Marcus & Millichap is offering for sale the fee simple interest in a 13,225-square-foot drive-through CVS pharmacy in O’Fallon, Missouri, with over 15 years remaining on a corporately guaranteed triple-net ground lease. The lease includes five five-year renewal options, each with an 8% rent increase at the start of the option. The property is strategically located across Bryan Road from The Prairie Encore, a mixed-use development featuring 190 luxury rental units, a drive-through Starbucks opening in fall 2025, Sugarfire Smokehouse, Macadoodles Wine Cellar, and an upcoming Circle K. Nearby, McKelvey Homes is developing 266 single-family homes in the Inverness community, highlighting strong local growth. O’Fallon, located 35 miles northwest of downtown St. Louis and 23 miles from St. Louis Lambert International Airport, is one of Missouri’s fastest-growing cities with easy access to Interstates 64 and 70. Major employers include MasterCard, True Manufacturing, MEMC Electronic Materials, and BJC Healthcare. CVS, the largest pharmacy chain in the U.S. with 9,144 locations, serves approximately 85% of Americans within 10 miles of a store, is publicly traded on the NYSE under CVS, and ranks No. 6 on the Fortune 500. This offering provides investors with a large corner parcel in a rapidly developing suburb, a corporately guaranteed lease with a leading publicly traded company, and the simplicity of a triple-net ground lease with no landlord responsibilities.
Listing Details
- Cap Rate
6.15%
- Tenancy
Single
- Space Type
retail
- Sub Category
pharmacy
- Date Listed
10/15/2025
- Ownership Info
Corporate
- Broker/Agent Co-op
Yes
- Investment Type
Net Lease
- Net Operating Income
$200,000
- Parking Info
76 spaces
Property Specifics
- Property Name
CVS | 1580 Bryan Rd
- Property Class
B
- No of Buildings
1
- No of Stories
1
- No of Units
1
- Year Built
2015
- Building Size
13,225 SF
- Lot Size
1.72 AC
- APN
2-0067-C270-00-0002.0000000
- Occupancy
100%