Auto Service - Gas-Conv
Tire Choice [Monro, Inc.] - St. Louis, MO MSA
11711 Baptist Church Rd, Sappington, MO 63128
Listing Price: $1,238,000
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.
Tire Choice [Monro, Inc.] - St. Louis, MO MSA
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
Auto Service - Gas-Conv
Tire Choice [Monro, Inc.] - St. Louis, MO MSA
Listing Price: $1,238,000
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.
