1260 Jennings Sta Rd St St. Louis, MO 63137

Property Details for 1260 Jennings Sta Rd St

Year built

1998

Lot size

1.00 lot acres

Property size

8,000 SF

Property type

Retail properties

Property subtype

Auto shops

Description

This exceptional investment opportunity presents an 8,000 square foot, single-tenant retail property leased to Advanced Auto Parts, a publicly traded Fortune 500 company (NYSE: AAP). Located at 1260 Jennings Station Rd, St. Louis, MO 63137, this property boasts a prime location with high visibility and accessibility, situated on a signalized hard corner with over 36,000 cars passing daily. The property benefits from its proximity to major freeways (I-70 and I-270) and is less than 3 miles from I-70 and I-270, and within 15 minutes of downtown St. Louis and St. Louis Lambert International Airport. The absolute triple-net (NNN) lease features a remaining term of 8.8 years with a substantial 23.6-year initial term commencing January 20, 2010, and expiring August 30, 2033. The lease includes 10% rent bumps every five years and multiple renewal options, providing long-term stability and predictable income growth. Built in 1998, the property sits on a one-acre lot and currently enjoys 100% occupancy. The asking price is $1,181,000, representing a compelling cap rate of 7.25% and a price per square foot of $147.62. The property generates a net operating income (NOI) of $85,626. This investment offers a secure, high-yield opportunity in a densely populated area with a population of 192,126 residents within a 5-mile radius. The corporate guarantee from Advanced Auto Parts further mitigates risk.

Location Insight

City

St. Louis

County

St. Louis

State

Missouri

Longitude

-90.2391

Latitude

38.7287