2331 Schuetz Road

• ESTABLISHED 30+ YEAR BRAND / OCCUPANCY SINCE 2014 – Founded in 1993, Companion Baking has built a 30+ year reputation for premium artisan breads and custom bakery programs and has occupied the subject property since 2014. Distributing across all 48 contiguous states, Companion serves recognizable customers across grocery, foodservice, and subscription channels, including Wildgrain, Dierbergs, Fresh Thyme Schnucks, Hot Box Cookies, Andy’s Frozen Custard, Pickleman’s, and Pete’s Fresh Market. Strong reported site-level rent coverage and positive operating earnings support the tenant’s financial profile, with additional financial information available to qualified buyers under NDA.
• RARE 14-YEAR ABSOLUTE NNN LEASE / 3.00% ANNUAL RENT INCREASES – Companion’s Absolute NNN lease has approximately 14 years remaining, with the tenant responsible for all operating expenses, maintenance, and capital expenditures. Strong 3.00% annual rent increases support income growth throughout the lease and renewal options.
• INFILL ST. LOUIS LOCATION – Located in the infill Westport submarket of St. Louis, the property sits within an established industrial hub containing approximately 17 million sq. ft. of warehouse space, with vacancy below 5% and average industrial rents of approximately $9/SF (CoStar). Companion’s rent of $7.30/SF offers an attractive basis relative to the surrounding market. Immediate access to I-270, I-70, and Route 364, along with a location just 4 miles from St. Louis Lambert International Airport, supports efficient regional distribution and convenient access for employees, suppliers, and customers.
• HIGHLY FUNCTIONAL INDUSTRIAL FACILITY – This ±41,216 SF facility featuring five (5) dock high doors is situated on a ±4.00-acre lot (23.65% Building/Lot Coverage) providing ample yard area for parking, outdoor storage, maneuverability, and potential future expansion.