9998 Manchester Rd StSt. Louis, MO 63122

For Sale
$1,440,000

High-yield St. Louis Jiffy Lube

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 1,600 square foot Jiffy Lube storefront in St. Louis, Missouri. Located at 9998 Manchester Rd, 63122, this property boasts a strong 6.25% cap rate and a substantial $90,000 annual net operating income (NOI). The absolute NNN lease with Jiffy Lube, a nationally recognized brand, features a remaining term of approximately 9 years, extending to October 30, 2033, with favorable 10% rent bumps every five years. Built in 1973 on a 0.35-acre lot, the property benefits from high visibility, averaging 30,000 vehicles per day. The surrounding area demonstrates strong demographics, with a population of 85,000 within a 3-mile radius and an average household income of $140,000. The property enjoys a dominant retail position, situated near major grocers like Dierbergs and Schnucks. The asking price is $1,440,000, translating to $900 per square foot. This is a rare opportunity to acquire a stable, high-performing net lease investment with a long-term tenant and significant upside potential. The lease commenced October 22, 1990, and the property currently enjoys 100% occupancy.

Highlights

  • 10-Year Absolute NNN Lease with 10% rent increases every 5 years.
  • Landlord-favorable lease terms.
  • High-traffic location with 30,000+ vehicles per day.
  • Strong demographics: 85,000 residents within a 3-mile radius, averaging $140,000 annual income.
  • Excellent retail location near Dierbergs and Schnucks grocery stores.

Property Details for 9998 Manchester Rd St

Property type
Other retail properties, Automotive properties
Square Feet
1,600 SF
Year Built
1973
Lot Size (sq. ft)
15,246 SF

Location Insight

City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.6032049
Longitude
-90.3841239
9998 Manchester Rd St, St. Louis, Missouri

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9998 Manchester Rd St
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