Megan Crossings is a brand new 113,587 square foot Power Center. The center boasts a tenant mix which includes La-Z-Boy Furniture, Kincaid, Broyhill Furniture, Lane Home Furnishings, Thomasville Furniture, Dollar Tree and Office Depot. The entire center is guaranteed by publicly traded companies, many of which are investment grade, including Furniture Brands and Office Depot.
Megan Crossings is a rare investment opportunity. The center will undergo NO lease rollover until the year 2016. 100% of the center is on brand new (10) year leases with the exception of La-Z-Boy which has an initial (15) year term. Four (4) of the seven (7) tenants also have a 10% rental increase built into their leases in year five (5).
The center is located on a phenomenal thoroughfare in O'Fallon Missouri, a suburb of St. Louis. The center is located in St. Charles County, Missouri's fastest growing County. Highway K is one of Missouri's premier retail corridors of the St. Louis metropolitan area. The surrounding area boasts significant retailers including a Wal-Mart Supercenter, Office Max, Target, Lowes, and Home Depot.
