Jiffy Lube
7210 Watson Rd., St. Louis, MO 63119
St. Louis
Property Details
Available
Net Operating
Income
$79,872
Year Built
1988
Lot Size
.37 Acres
Building Size
2,200 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
- Strong area demographics located in western St. Louis area, the property benefits from a population of 130,000 people with an average income of $85,000 within 3-miles
- Dominant retail positioning – this property benefits from immediate proximity to grocers like Dierbergs and Aldi which bring recurring weekly shoppers to the area as well as a Walmart Supercenter which brings recurring shoppers from a greater service area
- 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
$1,277,952
cap rate
6.25
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