9998 Manchester Rd StSt. Louis, MO 63122

Property Details for 9998 Manchester Rd St

Year built

1973

Lot size

0.35 AC

Property size (Sq ft)

1,600 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional investment opportunity presents a 1,600 square foot Jiffy Lube storefront in St. Louis, Missouri. Located at 9998 Manchester Rd, 63122, this property boasts a strong 6.25% cap rate and a substantial $90,000 annual net operating income (NOI). The absolute NNN lease with Jiffy Lube, a nationally recognized brand, features a remaining term of approximately 9 years, extending to October 30, 2033, with favorable 10% rent bumps every five years. Built in 1973 on a 0.35-acre lot, the property benefits from high visibility, averaging 30,000 vehicles per day. The surrounding area demonstrates strong demographics, with a population of 85,000 within a 3-mile radius and an average household income of $140,000. The property enjoys a dominant retail position, situated near major grocers like Dierbergs and Schnucks. The asking price is $1,440,000, translating to $900 per square foot. This is a rare opportunity to acquire a stable, high-performing net lease investment with a long-term tenant and significant upside potential. The lease commenced October 22, 1990, and the property currently enjoys 100% occupancy.

Location Insight

City

St. Louis

County

St. Louis

State

Missouri

Latitude

38.6032

Longitude

-90.3841

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