Dark Walgreens

• VALUE-ADD REDEVELOPMENT OPPORTUNITY – Walgreens has vacated the 15,120 SF building at 14529 Manchester Road, but its Absolute NNN lease runs through November 30, 2027. Based on the seller’s rent schedule, approximately $471,250 remains payable. At the asking price, a buyer would acquire the property for approximately $191.80 per building square foot, with the remaining rent providing income while the buyer evaluates reuse or redevelopment of the 1.68-acre site.
• AFFLUENT TRADE AREA – The property serves Manchester and the surrounding west St. Louis County communities, where average household income exceeds $166,312 within three miles. This affluent customer base supports the site’s appeal to a range of retail and service users.
• HIGH-VISIBILITY LOCATION – Positioned at the signalized intersection of Manchester Road and Baxter Road, the property benefits from prominent corner exposure to more than 47,600 vehicles per day along Manchester Road.
• ESTABLISHED RETAIL CORRIDOR – Located along Manchester Road, one of west St. Louis County’s primary shopping corridors, the property is surrounded by national retailers including Costco, Walmart, Aldi, Kohl’s, PetSmart, Nordstrom Rack, Office Depot, and Academy Sports + Outdoors. This concentration of retailers draws shoppers from Manchester and neighboring communities.
• ST. LOUIS MSA – Manchester is an established suburb in west St. Louis County, approximately 15 miles from downtown St. Louis. The property benefits from its location within the St. Louis metropolitan area, which provides a broad base of residents, employers, and regional amenities. Manchester offers a suburban setting within this larger market, positioning the property to serve both local residents and the surrounding communities of west St. Louis County.
• LARGE CORNER PARCEL – The property occupies approximately 1.68 acres at the signalized intersection of Manchester Road and Baxter Road. Its 15,120 SF freestanding building and dedicated parking area give a buyer the ability to evaluate a range of reuse or redevelopment concepts, subject to the lease, zoning, and municipal approvals.
• MANCHESTER ROAD IMPROVEMENTS – The City of Manchester has funded pedestrian improvements along Manchester Road extending to Baxter Road, including upgraded sidewalks and safety features. The project represents continued public investment in the corridor surrounding the property.