7210 Watson Rd St St. Louis, MO 63119
- Retail properties
- 2,200 SF
- 0.37 lot acres
Current Use by Public Records
- Retail properties
Property Details for 7210 Watson Rd St
- Year built
- 1988
- Lot size
- 0.37 lot acres
- Property size
- 2,200 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 2,200 square foot Jiffy Lube located at 7210 Watson Rd, St. Louis, MO 63119. The property boasts a strong 6.25% cap rate and a substantial net operating income (NOI) of $79,872. Secured by a long-term, absolute NNN lease with a remaining term of 9.5 years, extending to October 30, 2033, this investment offers significant stability. The lease includes built-in rent bumps of 10% every five years, providing inflation protection and future income growth. Built in 1988 on a 0.37-acre lot, the property benefits from a prime location within a strong demographic area, serving a population of 130,000 with an average income of $85,000 within a three-mile radius. The asking price is $1,277,952, translating to a price per square foot of $580.89. The lease also includes two, five-year options to renew, further enhancing the long-term value of this investment. This is a rare opportunity to acquire a well-established, high-performing asset in a desirable location with significant upside potential. The property's landlord-friendly lease structure and attractive price point make it an ideal addition to any portfolio.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.3175
- Latitude
- 38.5838
