7210 Watson Rd StSt. Louis, MO 63119

For Sale
$1,277,952

High-return auto shop NNN lease.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 2,200 square foot Jiffy Lube located at 7210 Watson Rd, St. Louis, MO 63119. The property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $79,872. Secured by a long-term, absolute NNN lease with a remaining term of 9.5 years, extending to October 30, 2033, this investment offers significant stability. The lease includes built-in rent bumps of 10% every five years, providing inflation protection and future income growth. Built in 1988 on a 0.37-acre lot, the property benefits from a prime location within a strong demographic area, serving a population of 130,000 with an average income of $85,000 within a three-mile radius. The asking price is $1,277,952, translating to a price per square foot of $580.89. The lease also includes two, five-year options to renew, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with significant upside potential. The property's landlord-friendly lease structure and attractive price point make it an ideal addition to any portfolio.

Highlights

  • 10-Year Absolute NNN Lease with 10% rent increases every 5 years.
  • Landlord-friendly lease terms.
  • Attractive price: $1.25M+ asking price.
  • Strong demographics: 130,000 residents within a 3-mile radius, $85,000 average household income.
  • Inflation-protected rent increases: 10% every 5 years.

Property Details for 7210 Watson Rd St

Property type
Other retail properties, Automotive properties
Square Feet
2,200 SF
Year Built
1988
Lot Size (sq. ft)
16,117 SF

Location Insight

City
St. Louis
County
St. Louis
State
Missouri
Latitude
38.58375769
Longitude
-90.31748086
7210 Watson Rd St, St. Louis, Missouri

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7210 Watson Rd St
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