Jiffy Lube
9998 Manchester Rd., St. Louis, MO 63122
St. Louis
Property Details
Available
Net Operating
Income
$90,000*
Year Built
1973
Lot Size
.35 Acres
Building Size
1,600 SQ FT
Lease Structure
Absolute NNN
Investment Details
Highlights
- New 10-year lease tenant recently opted to extend the lease at this location for a new term beginning in November which demonstrates long-term commitment to this location
- Landlord friendly lease structure absolute NNN provides a hands-free ownership experience for passive investors
- High visibility – the subject property benefits from an average of 30,000 vehicles per day passing in front of this location along Manchester Rd
- Strong area demographics located in the more affluent part of western St. Louis area, the property benefits from a population of 85,000 people with an average income of $140,000 within 3-miles
- Extremely large tenant operated by Team Car Care, which was purchased by Wynnchurch Capital in 2018 who calls them “the market leader in the quick oil change segment of the “Do-It-For-Me” automotive aftermarket. Team Car Care has grown to be the largest operator and franchisee of the highly recognizable Jiffy Lube brand, currently operating 496 stores across 26 states.”
asking price
$1,440,000
cap rate
6.25
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