787 State Hwy Saint Robert, MO 65584
- Retail properties
- 18,598 SF
- 1.90 lot acres
Current Use by Public Records
- Retail properties
Property Details for 787 State Hwy
- Year built
- 1953
- Lot size
- 1.90 lot acres
- Property size
- 18,598 SF
- Property type
- Retail properties
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a fully occupied, 18,598 square foot auto shop in Saint Robert, Missouri. Located on State Hwy Z (Route 66), this property boasts a strong 7.62% cap rate and a substantial net operating income (NOI) of $146,750. The property features two buildings, situated on a 1.9-acre lot, with a new 10-year lease commencing March 14, 2024, and expiring March 14, 2034. The tenant, a corporate-guaranteed entity, is one of the nation's top five collision repair companies, operating over 240 locations. This provides significant financial stability and minimizes landlord responsibilities. The lease includes four 5-year renewal options, ensuring long-term income potential. Built in 1953, the property underwent extensive renovations in 2021 and 2024. The parking lot and roof were also replaced in 2018. The property benefits from high visibility on Route 66 (32,000+ vehicles per day) and its strategic location near several major dealerships, making it the only national collision center within a 10-mile radius. The asking price is $1,925,000, translating to $103.51 per square foot. Annual rent increases are built into the lease, providing protection against inflation. This is a truly passive investment opportunity with exceptional long-term prospects.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Saint Robert
- County
- Pulaski
- State
- Missouri
- Longitude
- -92.1288
- Latitude
- 37.8236
