Absolute NNN
For Sale
$1,344,854
5701 Suemandy Drive, St Peters, MO 63376
An absolute triple-net structure assigns taxes, insurance, utilities, maintenance, and repairs to the tenant.
Property Size8,957 SF
Price / SF$150.15
Days on Market90
Property Features for 5701 Suemandy Drive
General Information
Standard status
Active
Size
8,957 SF
Property subtype
Retail
Listing Agency:
CBRE - El Segundo
(310) 303-9870
Listed By:
Tony Anderson · License #01936642
(310) 303-9870
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - El Segundo
Investment Insights
Based on property information with market context.
This 8,957-square-foot commercial property at 5701 Suemandy Drive in St. Peters, Missouri, is leased to Mavis Tires (NTB) under an absolute triple-net agreement. The lease places responsibility for property taxes, insurance, utilities, and all maintenance and repairs with the tenant, including work involving the roof and structural components.
The lease structure reduces the landlord’s direct operating obligations for the property. Responsibility for ongoing physical upkeep and building-related repairs remains with the tenant under the stated lease terms. The property is located in the 63376 ZIP code.
The lease structure reduces the landlord’s direct operating obligations for the property. Responsibility for ongoing physical upkeep and building-related repairs remains with the tenant under the stated lease terms. The property is located in the 63376 ZIP code.
Key Highlights
- 8,957‑square‑foot commercial property
- Absolute triple‑net lease structure
- Tenant responsible for taxes, insurance, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$123,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.20%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,474,300
$2.5M
Cap Rate 7%
$1,767,357
$1.8M
Cap Rate 9%
$1,374,611
$1.4M
Market Conditions
NOI Build-Up for 8,957 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$203.1K $22.68/SF
− Vacancy
−$26.4K −$2.95/SF
EGI
$176.7K $19.73/SF
− OpEx
−$53.0K −$5.92/SF
NOI
$123.7K $13.81/SF
Area
St. Charles County, MO
Vacancy
13.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,474,300
Cap Rate 7%
$1,767,357
Cap Rate 9%
$1,374,611
Alternative Uses
Best Use
Retail
$1.77M
$1.55M – $2.06M
NOI $123,715 @ 7.0% cap · market cap 9.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.37M
$2.07M – $2.77M
NOI $165,939 @ 7.0% cap · market cap 12.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,115
Businesses Nearby
595k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Apparel 26%
Shops & Services 21%
Groceries 5%
Macy's
Apparel
51,554 visits/mo
0.3 miles
JCPenney
Apparel
39,133 visits/mo
0.3 miles
Barnes & Noble
Shops & Services
31,785 visits/mo
0.1 miles
Chili's Grill & Bar
Dining
29,882 visits/mo
0.4 miles
Dollar Tree
Shops & Services
28,639 visits/mo
0.4 miles
Demographics for 63376, MO
76,064
Population
30,718
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
1,897
Density / Sq Mi
$94,921
Median Household Income
$49,754
Median Earnings
$1,319
Median Rent
$255,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - An absolute triple-net structure assigns taxes, insurance, utilities, maintenance, and repairs to the tenant.
Where is this nnn property located?
The property is located at 5701 Suemandy Drive St Peters, MO.
What is the asking price?
The asking price for this property is $1,344,854.
What are key features of this property?
This property features: 8,957‑square‑foot commercial property; Absolute triple‑net lease structure; Tenant responsible for taxes, insurance, and utilities
