Subject property includes a 7,600sf freestanding, single tenant retail building on a .56 acre parcel located in downtown St. Louis. Asset is currently occupied by Advance Auto Parts, the largest automotive retailer in the country. The investment is secured by a 20yr net lease, which currently has 2 years remaining on the initial fixed term followed by two 5-year extension options with 12% and 11% rent increases respectively. The lease is a NN lease with landlords only maintenance responsibility being the roof, structure and power lines; the roof was replaced in 2014 and has a 10 year warranty. The current in place rent of $8.07/sf is significantly below market providing a tremendous future value add opportunity. The property has tremendous visibility along one of the dominant thoroughfares in St. Louis and affords an owner the rare opportunity to acquire an extremely low priced, passive net leased investment in a major metro downtown location with the security of a lease guaranteed by a best in class tenant.
14570 sq ft retail automotive repair shop with 16940 sq ft paved parking area
This two story office building in Maryland Heights features an open floor plan, oversized parking lot and listed FOR SALE or FOR LEASE. Lease rate is one of the LOWEST rates in the Westport Area. The building was most recently utilized as a DATA/CALL CENTER FACILITY and has the associated HVAC, parking, generator etc. to accommodate such use.
Price Upon Req.2,396 SF
11603 Gravois Road Sunset Hills, Missouri 63126 Saint Louis County Property Detail: ST #: 0012383-01 Brand: Conoco Bldg. Size: 2,396 Sq. Ft. Land Size: 0.7 Acres FY 2014 Taxes: $24,658.46 # Tanks: 3 Unleaded - 8,000 gallons - fiberglass - 1988; Premium Unl - 10,000 gallons - Fiberglass - 1988; Unleaded - 12,000 gallons - Fiberglass - 1988 # Dispensaries: 4 # Fuel Points: 8 Car Wash: Yes Sales Detail: Feb 2015 Gallons Sold: 75,000 Gallons Feb. 2015 Inside Sales: $50,000 Feb. 2015 Car Wash: $6,000 Historical Annual Gallons Sold: 900,000 Gallons Historical Inside Sales: $696,000 Historical Car Wash Sales: $72,000
Buyer acknowledges and agrees that the Special Warranty Deed conveying the Property to the Buyer shall contain a restriction which shall run with the land prohibiting the use of the Property as a place of adult entertainment, fast food restaurant, retail grocery store, retail convenience grocery store, or for the sale of items commonly sold in a convenience store, including, but not limited to, candy, chips, snacks, coffee, soda and other carbonated beverages, or for the sale of tobacco products, beer, wine, liquor, spirits, adult materials or drug paraphernalia, or for the retail sale of motor fuels.
Consisting of 4 parcels totaling 29.86 acres, with a 8 room two story house and a detached 12 car garage.
This is 6 bay auto repair and tire shop.
Quantum Real Estate Advisors, Inc. ( QREA ) has been retained to exclusively offer for sale a single-tenant retail building located at 1225 Union Boulevard in St. Louis, MO. The subject property consists of a +/-15,000 SF single-tenant retail building 100% occupied by Walgreens. Walgreens has successfully operated at this location since 1998 and recently executed an early ten year lease extension demonstrating their commitment to this location. There are over 14 years remaining on the lease, which is set to expire on January 31st, 2029. Additionally, the lease features an attractive option structure with eight, five-year options. The two acre lot is strategically located at the signalized corner of Union Blvd and Page Blvd where daily traffic counts average over 37,500 vehicles per day.
Asset Number4605 Site is vacant land located south of the existing QuikTrip store.