16305 Truman Rd Ellisville, MO 63011-4731
- Auto shops
- 6,232 SF
- 1.27 lot acres
Current Use by Public Records
- Auto shops
Property Details for 16305 Truman Rd
- Year built
- 1994
- Construction
- FRAME
- Lot size
- 1.27 lot acres
- Property size
- 6,232 SF
- Zone code
- 19C-4
- Property type
- Auto shops
- APN
- 23U-5-2-017-6
- APU
- 23U520176
Description
This exceptional investment opportunity presents a fee-simple ownership of a 5,950-square-foot Dobbs Tire & Auto Center in Ellisville, Missouri. Located at 16305 Truman Road, this property boasts a prime location on Old Route 66, benefiting from high daily traffic volume exceeding 40,000 vehicles, further enhanced by the proximity of Old State Road with an additional 16,700 vehicles daily. The property sits on a 1.7-acre lot and features a 20-year triple-net (NNN) lease with a corporate guarantee, ensuring consistent cash flow. The current annual net operating income (NOI) is $147,033, with a 6.00% cap rate and a 20-year remaining lease term. Annual rent increases of 2.00% are built into the lease. Built in 1982, this auto shop serves an affluent community, with average household incomes exceeding $151,000 within a three-mile radius and $152,000 within five miles. Its convenient location, just 30 minutes from downtown St. Louis, adds to its appeal. The asking price for this exceptional net lease investment is $2,450,550. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,145,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,390,000
- 6.5%
- $2,270,000
- 7%
- $2,185,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,320,000
- Geo Method
- $2,100,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,270,000
- Retail
- $2,055,000
- Mixed-Use
- $2,320,000
- Hospitality
- $2,325,000
- Educational
- $2,165,000
- Residential Income
- $2,565,000
- Energy
- $2,265,000
- Income-Based Land
- $2,505,000
- Food Service
- $2,610,000
Location Insight
- Map
- Local Demand
- City
- Ellisville
- County
- St. Louis
- State
- Missouri
- Longitude
- -90.6091
- Latitude
- 38.5876
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
