1354 Jeffco Blvd Arnold, MO 63010-2157
- Auto shops
- 7,380 SF
- 0.91 lot acres
Dec 20, 2023
Current Use by Public Records
- Dobbs Tire & Auto Centers Arnold / Auto Repair Shop / Auto Tune Up Service
Property Details for 1354 Jeffco Blvd
- Year built
- 1990
- Lot size
- 0.91 lot acres
- Property size
- 7,380 SF
- Zone code
- CT1
- Property type
- Auto shops
- APN
- 01-9.0-29.0-2-003-012.
- APU
- 1902902003012
Description
This exceptional investment opportunity presents a fee-simple ownership of a 7,380-square-foot auto shop in Arnold, Missouri. Located at 1354 Jeffco Blvd, this property boasts a 20-year triple-net (NNN) lease with Dobbs Tire & Auto Centers, a corporate-guaranteed tenant. The lease commenced upon closing and features a substantial annual rent of $145,401, with built-in 2% annual increases. The property sits on a 0.92-acre lot and was built in 1970. This investment offers a compelling 6.00% cap rate. The property benefits from its location in an affluent community, with average household incomes exceeding $94,000 within a three-mile radius, $99,000 within five miles, and $97,000 within ten miles. Its strategic placement across from a high-performing Walmart Supercenter (92nd percentile nationally in sales) further enhances its desirability. The property's proximity to downtown St. Louis (18 miles), a major metropolitan area, adds to its long-term value and potential for appreciation. This is a rare opportunity to acquire a stable, high-performing net-lease property with a strong tenant and significant upside potential. The asking price is $2,423,350.
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
- Arnold
- County
- Jefferson
- State
- Missouri
- Longitude
- -90.374
- Latitude
- 38.4361
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
