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Auto Service - Gas-Conv

Tire Choice [Monro, Inc.] - St. Louis, MO MSA

11711 Baptist Church Rd, Sappington, MO 63128

Listing Price: $1,238,000

Cap Rate
6.76%
Tenant Name
Monro, Inc.
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
4,533
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.46

Investment Overview

Marcus & Millichap is pleased to exclusively present a two-property portfolio of single tenant net leased automotive properties. When the former operator was acquired by Monro, Inc. (NASDAQ: MNRO), they assumed the existing lease at each of the locations. The properties are situated within the St. Louis MSA, which has a population exceeding 2.8 million residents. There are approximately 3 years of lease term remaining with no renewal options, giving the future landlord upside opportunity upon lease renegotiation.

Investment Highlights

  • Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO) - One of the Largest Tire Dealers in North America
  • Upside Opportunity Through Lease Renegotiation - Tenant has No Options to Renew
  • Historical Occupancy - Over 6 Decades of Combined Business Operations
  • Monro Acquired the Former Operator in 2009 - Second Generation Business Acquisition
  • Robust Demographics - St. Louis MSA | 2.8 Million Residents
  • Minimal Landlord Responsibilities | NN Lease - The Roof at the Concord, MO location has been Recently Replaced

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Auto Service - Gas-Conv

Tire Choice [Monro, Inc.] - St. Louis, MO MSA

Listing Price: $1,238,000

Cap Rate
6.76%
Tenant Name
Monro, Inc.
Years Remaining On Lease
2.7
Guarantor
Corporate Guarantee
Rentable SF
4,533
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.46

Investment Highlights

  • Publicly Traded Guarantor | Monro, Inc. (NASDAQ: MNRO) - One of the Largest Tire Dealers in North America
  • Upside Opportunity Through Lease Renegotiation - Tenant has No Options to Renew
  • Historical Occupancy - Over 6 Decades of Combined Business Operations
  • Monro Acquired the Former Operator in 2009 - Second Generation Business Acquisition
  • Robust Demographics - St. Louis MSA | 2.8 Million Residents
  • Minimal Landlord Responsibilities | NN Lease - The Roof at the Concord, MO location has been Recently Replaced

Investment Overview

Marcus & Millichap is pleased to exclusively present a two-property portfolio of single tenant net leased automotive properties. When the former operator was acquired by Monro, Inc. (NASDAQ: MNRO), they assumed the existing lease at each of the locations. The properties are situated within the St. Louis MSA, which has a population exceeding 2.8 million residents. There are approximately 3 years of lease term remaining with no renewal options, giving the future landlord upside opportunity upon lease renegotiation.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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