The lease features a brand new 15-year NN lease with 10% rental increases every five years and eight 5-year options to extend.

The subject property is located in a long-established Italian-American neighborhood famous for its collection of authentic Italian bakeries, grocery stores, restaurants, and mom-and-pop trattorias, called The Hill. It is also a part of the Promenade at The Hill, an established retail development that includes a new construction Walgreens and a proposed retail pad development. The property was built in 1905 as Southwest Bank before becoming M&I bank in 2002 until BMO Harris acquired M&I in 2010; demonstrating the long term viability of the site as a bank location. The location has additional significance as it is the site of the attempted robbery in 1953 and where the movie about it starring Steve McQueen was filmed. As S Kingshighway Blvd leads to the Interstate 44 on-ramp and off-ramp, the subject property attracts commuters and visitors entering the submarket directly from the Interstate. Situated two blocks away is the Missouri Botanical Garden, a National Historic Landmark that draws an attendance of over 901,000 visitors annually. Within a 5-mile radius from the property, there are 101,847 residents with an average household income exceeding that of $69,000.

St. Louis, MO is a major port city located along the Mississippi River. It’s central location at the heart of the country, is made accessible by the St. Louis Lambert International Airport, numerous highways, Amtrak, and inter-city bus services. The city welcomes approximately 25.9 million annual visitors for leisure, conventions, and business travel, contributing over $5.38 billion to the local economy.