3765 Gravois Ave St St. Louis, MO 63116
This exceptional investment opportunity presents a free-standing retail building situated on Gravois Avenue in the desirable Tower Grove South neighborhood of St. Louis, Missouri. The property encompasses two parcels totaling 18,926 square feet, including a 2,496 square foot building currently operating as a quick-service restaurant (QSR). The building features a 12-foot hood and complete restaurant infrastructure, resulting from a recent renovation of a former convenience store. The sale includes an adjacent 3,606 square foot parcel. Both parcels are zoned G, allowing for local commercial and office uses. The current tenant lease, with a current rent of $18.26 per square foot, expires April 1, 2025, leaving approximately 0.4 years remaining. The asking price is $599,000, representing a price per square foot of $239.98. The property boasts 100% occupancy and presents a strong potential for future income and appreciation. The address is 3765 Gravois Ave, St. Louis, MO 63116. This is a NNN lease. Please note that the tenant should not be disturbed. Detailed financial information is available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.