We are pleased to announce the addition of River City Marketplace in O’Fallon to its grocery-anchored shopping center portfolio. This 158,000-square-foot asset marks our expansion in Missouri and continues our nationwide growth in the open-air retail property sector.
River City Marketplace is anchored by a 31,000-square-foot Fresh Thyme Market, which has been a tenant since 2015. The O’Fallon store is one of the top 5 most visited locations for the private regional supermarket chain, which operates over 75 stores in 11 Midwest states. The center’s high-quality tenant roster includes Total Wine, Ross, Five Below, Kirkland’s and Kay Jewelers. The remaining 10,000 square feet of available space provides meaningful upside potential by way of increased occupancy and cash flow.
River City Marketplace sits in a densely populated retail corridor, with a daily traffic count of 49,000 vehicles. It serves a population of mMore than 170,000 people, with an average household income of approximately $114,000, live within a 5-mile radius of the property.
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