Auto Service - Gas-Conv

QuikTrip- St Louis MO

3475 Lemay Ferry Rd, St. Louis, MO 63125

Listing Price: $1,700,000

Cap Rate
7.64%
Tenant Name
QuikTrip
Years Remaining On Lease
1.5
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$425.00
Lease Type
Absolute Net
Rent Per Square Feet
$32.45

Investment Overview

Marcus & Millichap is pleased to present QuikTrip, this absolute-net, corporate guaranteed lease is located in Saint Louis, Missouri. The original 15-year lease is now in its second option period with 1.7 years remaining; commencing on July 1, 2017. The absolute-net lease has zero landlord responsibilities. Two successive five-year options remain. The lease also includes a corporate environmental indemnification.

The subject property is a 4,000-square foot, free-standing QuikTrip situated on a 1.36-acre lot. The property is located one mile northeast of Interstate 55 (110,000 vehicles per day) and exit Lindbergh Boulevard (35,720 vehicles per day). The station is also one mile north of Interstate 255 (106,000 vehicles per day). This station consists of eight gas pumps and 16 nozzles.

Enjoy a fantastic corporate tenant with over 11 billion dollars in sales annually, and is operating 850 stores in 11 states. QuikTrip is one of the strongest operators in the convenience store and service station industry and ranked number 11 on CSPs Top 202 Convenience Stores in 2020.

Investment Highlights

  • Two, Five-Year Options Remain
  • Traffic Counts Exceeding 24,000 Vehicles per Day
  • Corporate Guarantee from QuikTrip Corporation
  • Qualifies for 100 Percent Bonus Depreciation
  • 23-Year Operating History At This Location
  • Corporate Environmental Indemnification

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Auto Service - Gas-Conv

QuikTrip- St Louis MO

Listing Price: $1,700,000

Cap Rate
7.64%
Tenant Name
QuikTrip
Years Remaining On Lease
1.5
Gross SF
4,000
Guarantor
Corporate Guarantee
Rentable SF
4,000
Price/Gross SF
$425.00
Lease Type
Absolute Net
Rent Per Square Feet
$32.45

Investment Highlights

  • Two, Five-Year Options Remain
  • Traffic Counts Exceeding 24,000 Vehicles per Day
  • Corporate Guarantee from QuikTrip Corporation
  • Qualifies for 100 Percent Bonus Depreciation
  • 23-Year Operating History At This Location
  • Corporate Environmental Indemnification

Investment Overview

Marcus & Millichap is pleased to present QuikTrip, this absolute-net, corporate guaranteed lease is located in Saint Louis, Missouri. The original 15-year lease is now in its second option period with 1.7 years remaining; commencing on July 1, 2017. The absolute-net lease has zero landlord responsibilities. Two successive five-year options remain. The lease also includes a corporate environmental indemnification.

The subject property is a 4,000-square foot, free-standing QuikTrip situated on a 1.36-acre lot. The property is located one mile northeast of Interstate 55 (110,000 vehicles per day) and exit Lindbergh Boulevard (35,720 vehicles per day). The station is also one mile north of Interstate 255 (106,000 vehicles per day). This station consists of eight gas pumps and 16 nozzles.

Enjoy a fantastic corporate tenant with over 11 billion dollars in sales annually, and is operating 850 stores in 11 states. QuikTrip is one of the strongest operators in the convenience store and service station industry and ranked number 11 on CSPs Top 202 Convenience Stores in 2020.

Exclusively Listed By

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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