Florissant, MO

Florissant Marketplace

Targeted Equity
Multiple

1.5x-1.7x

Targeted Net
IRR

10-11%

Targeted Average Cash-on-Cash

6.5-7.0%

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Overview

Florissant Marketplace is a 98% occupied grocery-anchored shopping center located in Florissant, Missouri. The center is anchored by a 70,262 square-foot Schnucks, the #1 grocer by market share in the region. Schnucks has been in business since 1939 and currently operates over 115 stores across Missouri, Illinois, Indiana and Wisconsin. Schnucks has operated at Florissant Marketplace for over 20 years and has strong reported sales. Joining Schnucks at the center is an assortment of daily-needs tenants, including a new Crunch Fitness as well as Pet Supplies Plus, Wing Stop and AT&T.

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Financial Targets

Purchase Price

$14 M

Targeted Hold Period

5 Years

Targeted Net IRR
?
Targeted Net IRR is defined as the annualized, compound rate of return using equity contributions and distributions as they occurred on specific dates during the investment period. Net IRR is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized. Securities are only available to verified accredited investors who can bear the loss of their investment. Please contact FNRP for an explanation of how such numbers are calculated.

10-11%

Targeted Equity Multiple
?
Targeted Net Equity Multiple is the total distributions and remittances to equity investors divided by the total equity contributions from investors during the investment period. Targeted Net Equity Multiple is reflective of all fees charged and paid to First National Realty Partners LLC and its affiliates and subsidiaries. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.
1.5x-1.7x
Targeted Average Cash-on-Cash Return
?
Targeted Average Cash-on-Cash is targeted annual cash flow return on invested equity over the projected hold period. All projected Cash-on-Cash returns are reflective of all fees charged and paid to First National Realty Partners and its affiliates and subsidiaries. Cash distributions and any specific returns are not guaranteed. “Targeted” refers to a goal which may or may not be attained based on a variety of assumptions which may or may not be realized.

6.5-7.0%

For definitions of key financial metrics, please click the purple question mark
?
icon next to each term.
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Investment Table

Move slider below to change the Initial Investment Amount
Initial Investment Amount
Total Distributions of Quarterly Cash Flow
Return of Capital
Proceeds from Sale
Total Amount Returned
Numbers shown above represent projections at end of Year 5.

Note: The above table is for informational and illustrative purposes only and reflects estimates which may or may not come to be realized based upon a variety of assumptions. Such assumptions contain significant amounts of subjective judgment and analysis and there can be no assurances that actual events will not materially differ from those assumed. The above chart should not be relied upon as an investment recommendation of any kind. Please contact FNRP for an explanation as to how such numbers were calculated. Cash distributions and any specific returns are in no way guaranteed.

Why We're Investing

  • Schnucks is the #1 grocer by market share in the St. Louis MSA.
  • The Schnucks at Florissant Marketplace has a 20+ year operating history and comprises approximately 25% of total rental income.
  • Schnucks pays below-market rent of $2.71 PSF NNN, which translates to a low-2% health ratio – one of the lowest rent-to-sales ratios of the nearby Schnucks locations.
  • Schnucks is privately owned and operates 115 stores in four states: Missouri, Illinois, Indiana and Wisconsin.

  • Crunch Fitness, comprising over 30% of total rent, is scheduled to open in early 2025 on a new 10-year lease.

  • The third-largest tenant behind Schnucks and Crunch Fitness is Pet Supplies Plus. The Florissant Pet Supplies Plus location ranks in the top 3 of 14 stores in the state per Retail Stat.

  • The remaining tenants at Florissant Marketplace boast a weighted average operating history exceeding 11 years at the shopping center.

  • Florissant Marketplace is located in Florissant, Missouri, a northern suburb of St. Louis, a top 25 MSA by population.

  • The property is situated on Lindbergh Boulevard, a primary retail corridor with over 44,700 vehicles per day and over 3 million square feet of retail that is currently 97% leased, per CB Richard Ellis.

  • Average 3-mile demographics boasts household incomes exceeding $85,000 and a population of over 88,000 residents, according to Sites USA.

  • The property is currently lender-owned. FNRP can leverage its national platform and local expertise in the St. Louis market including over 800,000 square feet of owned grocery-anchored centers.

  • Opportunity to improve upon existing merchandising mix and capitalize on additional foot traffic from Crunch Fitness opening.

  • Potential to pursue longer-term lease extension with Schnucks. 

Joseph Palermo
Your Personal Investor Relations Associate
Joseph Palermo
ir@fnrpusa.com
+1 (631) 309-2612
+1 (631) 309-2612
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florissant marketplace
florissant marketplace

NOTE: Cash distributions and any specific returns are not guaranteed. An investment in commercial real estate is subject to risk, including the risk that all of your investment may be lost. Any representations concerning investing in commercial real estate, including, without limitation, any representations as to stability, diversification, security, resistance to inflation and any other representations as to the merits of investing in commercial real estate reflect our belief concerning the representations and may or may not come to be realized. The ability to make distributions or the amount of distributions may be affected by factors such as debt and lender restrictions, future capital expenditure needs, and financial performance of the property.

This webpage is not intended to be, nor should it be construed or used as, an offer to sell, or a solicitation of an offer to buy any securities, which offer may be made only at the time a qualified offeree receives a current Confidential Offering Memorandum relating to a proposed investment opportunity.

As of 9/4/2025

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Florissant Marketplace

8200-8234 N Lindbergh Blvd
Florissant, MO

“…In my experience in working with FNRP, I have seen a genuine desire to build trust and forge partnerships with all stakeholders through their transparency and integrity…”

Richard H.

Investor

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