Investment Overview

Marcus & Millichap is pleased to offer for sale the fee simple interest in a 2,000-square-foot car-rental shop (The Property) in Fenton, MO, in which Enterprise Leasing Company of STL LLC has 5.3 years remaining on its double-net lease. The lease features one five-year renewal option with a seven percent rent increase to offset inflation. The Property sits on Gravois Road, a frontage road to State Route 30, at the intersection with North Valley Dell Drive in a cluster of shops including Legacy Automotive car repair and Royal Supply. A Walmart Supercenter, Target and Lowe’s are 2.0 miles northeast, and a Tractor Supply Co. and Schnucks supermarket are 2.8 miles southwest along State Route 30. Suburban Fenton’s major local employers include 646-employee Maritz and 184-bed SSM Health St. Clare Hospital. Interstate 44 and State Routes 30 and 141 flow through Fenton, and MetroBus route 21 connects commuters to downtown St. Louis. Founded in 1957, Enterprise Mobility is privately held by the Taylor family of St. Louis and manages a portfolio of vehicle rental brands including Enterprise Rent-A-Car, National Car Rental and Alamo. The company is headquartered in St. Louis and has more than 9,500 global rental branches and over 2.4 million vehicles in its global fleet. The Property offers both a double-net lease with limited landlord responsibilities and a parcel along the busy State Route 30 retail corridor in the St. Louis suburbs.