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Auto Service - Gas-Conv

QuikTrip Saint Louis

3934 Lemay Ferry Rd, St. Louis, MO 63125

Listing Price: $4,698,874

Cap Rate
5.15%
Tenant Name
QuikTrip
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
4,993
Lease Type
Ground Lease
Rent Per Square Feet
$48.47

Investment Overview

Marcus and Millichap is pleased to exclusively present for sale, this brand new ground leased corporate backed QuikTrip asset. The tenant is already paying rent and is on a very rare 20 year absolute NNN lease term. The property is currently under construction by the tenant, but due to the ground leased structure, investors can purchase while the tenant completes their improvements.

QuikTrip remains a dominant tenant in the Gas/Convenience space boasting 2023 revenue north of $10B. This asset is shadow anchored to Home Depot and Kitty Cornered to the South County Center Shopping Mall; this location is poised to do extremely well due to it's strategic location on Lemay Ferry Rd, close proximity to the Dave Sinclair Car Dealership Network, and being the only gas station on this corner.

Investment Highlights

  • Extremely Rare 20 Year Lease
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Shadow Anchored to a Home Depot | Signalized Hard corner
  • Corporate Guaranteed Lease with over 1,000 locations nationally
  • Dominant Tenant - QuikTrip boasts 31k+ employees and frequently posts revenue north of $10B annually
  • High Density STL Location with attractive demos
  • Only Gas Station on the Corner

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Auto Service - Gas-Conv

QuikTrip Saint Louis

Listing Price: $4,698,874

Cap Rate
5.15%
Tenant Name
QuikTrip
Years Remaining On Lease
19.2
Guarantor
Corporate Guarantee
Rentable SF
4,993
Lease Type
Ground Lease
Rent Per Square Feet
$48.47

Investment Highlights

  • Extremely Rare 20 Year Lease
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Shadow Anchored to a Home Depot | Signalized Hard corner
  • Corporate Guaranteed Lease with over 1,000 locations nationally
  • Dominant Tenant - QuikTrip boasts 31k+ employees and frequently posts revenue north of $10B annually
  • High Density STL Location with attractive demos
  • Only Gas Station on the Corner

Investment Overview

Marcus and Millichap is pleased to exclusively present for sale, this brand new ground leased corporate backed QuikTrip asset. The tenant is already paying rent and is on a very rare 20 year absolute NNN lease term. The property is currently under construction by the tenant, but due to the ground leased structure, investors can purchase while the tenant completes their improvements. QuikTrip remains a dominant tenant in the Gas/Convenience space boasting 2023 revenue north of $10B. This asset is shadow anchored to Home Depot and Kitty Cornered to the South County Center Shopping Mall; this location is poised to do extremely well due to it's strategic location on Lemay Ferry Rd, close proximity to the Dave Sinclair Car Dealership Network, and being the only gas station on this corner.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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