1935 Terra LnO'Fallon, MO 63366

For Sale
$1,400,000

Net-leased auto shop, high ROI.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 11,875 square foot, fully occupied auto shop located at 1935 E Terra Ln, O'Fallon, MO 63366, in St. Charles County. Currently operating under a net lease, the property boasts a strong 100% occupancy rate with a stable tenant holding a 5-year lease with a renewable option. The asking price is $1,400,000, translating to a price per square foot of $117.89. The current cap rate stands at 7.00%, with a pro-forma cap rate of 6.43%, and a pro-forma NOI of $90,000. This single-tenant retail property offers a secure investment with a proven track record of consistent rental income. The tenant demonstrates a history of reliable payments, making this a low-risk, high-reward opportunity for discerning investors. The property is being offered for sale by owner. Serious inquiries only, please do not disturb the tenant.

Highlights

  • $1,400,000 asking price for this net-leased auto shop.
  • 11,875 square foot retail building in O'Fallon, MO.
  • $117.89 price per square foot.
  • 7.00% cap rate, 6.43% pro-forma cap rate.
  • Single-tenant, 100% occupancy with 5 years remaining on the lease.
  • $90,000 pro-forma net operating income (NOI).

Location Insight

City
O'Fallon
County
St. Charles
State
Missouri
Latitude
38.8035929
Longitude
-90.6684407
1935 Terra Ln, O'Fallon, Missouri

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1935 Terra Ln
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