9998 Manchester Rd St St. Louis, MO 63122
- Retail properties
- 1,600 SF
- 0.35 lot acres
Current Use by Public Records
- Isalis / Women'S Clothing Store / Jewelry Store
- Party City / Party Store / Balloon Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 9998 Manchester Rd St
- Year built
- 1973
- Lot size
- 0.35 lot acres
- Property size
- 1,600 SF
- Property type
- Retail properties
- Property subtype
- Retail space
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.
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
- -90.3841
- Latitude
- 38.6032
