Automotive Portfolio | 8 Assets in the St. Louis MSA — Sale in Arnold, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Arnold, MO 63010

Photos

Automotive Portfolio | 8 Assets in the St. Louis MSA — Sale in Arnold, MO, photo 1 of 3
Automotive Portfolio | 8 Assets in the St. Louis MSA — Sale in Arnold, MO, photo 2 of 3
Automotive Portfolio | 8 Assets in the St. Louis MSA — Sale in Arnold, MO, photo 3 of 3

Description

As the Exclusive Representative, Marcus & Millichap is proud to offer qualified investors the rare opportunity to acquire a well-positioned single tenant automotive repair portfolio comprised of eight (8) assets throughout the St. Louis MSA. The properties are subject to individual double-net leases with a current total Net Operating Income of $927,106. The portfolio encompasses ±50,742 square feet with an average rental rate of $18.27 per square foot. This portfolio provides an excellent opportunity to acquire a group of high-quality, net leased assets located in one of the most desirable markets in the country and 100 percent leased with sustainable rent. Investment Highlights: • Corporate Leases with a Market Leader — Tire Choice is Part of the Monro, Inc. Family of Brands (NASDAQ: MNRO), which Operates Over 1,100 Service Locations across the United States • Well Established Locations — The Portfolio Benefits from Long-Standing Tenant Occupancy, Demonstrating Strong Commitment to the Sites and Operational Stability • Strong Real Estate Fundamentals & Attractive Demographic Profiles — Every Asset within the Portfolio is Situated within the St. Louis Metropolitan Area Along a Busy Local or Regional Thoroughfare

Market Context

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