Ridgecrest Crossing | 100% Leased Investment
1280-1296 Jeffco Blvd. Arnold, MO 63010
Price: $9,530,000
Status: Available
Cap Rate: 6.5%
Year Built: 2015
NOI: $619,277
Lot Size: 3.57 acres
Price Per Foot: $483
Lease Type: Triple-Net (NNN)
Remaining Term: Various
GLA: 19,699 sqft
Property Intro
Lee & Associates and Bang Realty are pleased to exclusively present Ridgecrest Crossing, a 100% leased multi-tenant retail and medical investment located in Arnold, Missouri, within the St. Louis MSA. The property spans 19,699 square feet and is comprised of five tenants, including SSM Health, Verizon Wireless, Smoothie King, Jimmy John’s, and Cold Stone Creamery. Situated on 3.57 acres at the signalized hard corner of Jeffco Boulevard and Ridgecrest Drive, the center benefits from strong visibility to 15,600 vehicles per day and is shadow anchored by a top 5% nationally ranked Walmart Supercenter.
The asset features a diversified tenant mix anchored by SSM Health, which occupies over 63% of the gross leasable area and generates 66% of gross income. SSM Health’s parent company holds an “A+” credit rating from Standard & Poor’s, enhancing the security of the income stream. In 2023, SSM Health expanded its space by 18% and extended its lease term by 8.5 years, demonstrating a strong commitment to the site. The retail portion is fully leased to national operators on NNN leases, with a current WALT of 5.4 years across all tenants and 7 years weighted by income. Tenants benefit from modern construction and two points of ingress/egress, with 100% expense recovery in place for CAM, taxes, and insurance.
Located just 20 miles south of downtown St. Louis, Arnold is the largest city in Jefferson County and a strong commuter suburb with direct access to I-55. The immediate trade area is marked by robust healthcare demand, with over $360 million in healthcare spending within a 5-mile radius, supporting the performance of SSM Health. The area features affluent demographics, with average household incomes exceeding $121,000 within a 3-mile radius, and strong retail synergy from nearby centers including Arnold Commons. Ridgecrest Crossing offers investors a stable, institutional-quality retail and medical asset with passive income and long-term growth potential in a thriving suburban market.