13642 Manchester Rd Ballwin, MO 63021
- Retail properties
- 3,850 SF
Current Use by Public Records
- Retail properties
Property Details for 13642 Manchester Rd
- Year built
- 1986
- Property size
- 3,850 SF
- Property type
- Retail properties
- Property subtype
- Automotive properties
Description
This exceptional investment opportunity presents a single-tenant, net-leased automotive retail property located at 13642 Manchester Rd, Ballwin, MO 63021. The property, built in 1986 and renovated in 2005, boasts 3,850 square feet of net rentable space situated on a high-traffic section of Manchester Road, offering approximately 75 to 100 feet of frontage. Currently occupied by a six-bay auto repair and tire shop, the property enjoys 100% occupancy since January 31, 2020, with a remaining lease term of five years. The property is classified as a Class B building with a single story and is zoned FPC8. The asking price is $900,000, representing a price per square foot of $207.92 and a current cap rate of 6.00%, with a pro-forma cap rate of 5.88%. The property's strong financial performance is further evidenced by a pro-forma NOI of $52,883. This is an ideal investment for those seeking a stable, high-return property with a proven tenant in a prime location. The property's APN is 22P-22-0685. Serious inquiries only. Please do not disturb the tenant.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Ballwin
- County
- St Louis
- State
- Missouri
- Longitude
- -90.4766
- Latitude
- 38.596
