Leonardo DRS - Bridgeton, MO

4545 N Lindbergh Blvd, Bridgeton, MO, 63044-2202, US

Asset description

JLL is pleased to exclusively offer for sale the Leonardo DRS Land Systems Flex / R&D Facility located at 4201 Innovation Way in Bridgeton, MO (the "Property"). The single-tenant asset is 100% net-leased to Leonardo DRS, Inc. (“Guarantor”), a global leader in advanced defense technology, and has over 14.8 years of remaining lease term. The Property totals 171,500 SF, was built-to-suit for Leonardo's Land Systems division in 2020 (the "Tenant"), and serves as an advanced weapons systems integration research & development facility and divisional headquarters.

Located adjacent Interstate 70, the St. Louis-Lambert International Airport, and a sprawling Boeing Defense, Space, & Security campus, the Property has immediate access to one of the top MSAs in the country for defense industry employment, offering the skilled labor force that is required for the Tenant’s operations. This opportunity offers investors a high-quality, irreplaceable asset with long-term cash flow and limited landlord responsibilities.

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Attributes

Building area net

15,933 sm

Occupancy

100%

Year built

2020

Land area net

7.73 ha

Ceiling height

8.53 m

Annual escalation

Fixed

Remaining lease term

14.8 years

Lease type

Net lease (N/NN/NNN)

Media

Investment highlights

Over 14.8 years of remaining term on net lease
Guarantor is a global leader in sensing, computing, propulsion solutions for DoD
Parent-level credit support from Leonardo S.p.A (Moody's: Baa3)
Tenant's HQ and weapons integration R&D facility built-to-suit in 2020
Strategic location in STL defense hub with $18.2 billion annual DoD investment
Prime location in supply-constrained St. Louis Airport submarket (2.7% vacancy)