1935 Terra Ln O Fallon, MO 63366-4416
- Auto shops
- 11,875 SF
- 1.00 lot acres
Current Use by Public Records
- Axleboy Offroad / Car Repair And Maintenance Service / Tire Repair Shop
Property Details for 1935 Terra Ln
- Year built
- 1984
- Lot size
- 1.00 lot acres
- Property size
- 11,875 SF
- Zone code
- AB3
- Property type
- Auto shops
- APN
- 2-0056-S027-00-0001.7000000
- APU
- 20056S0270000017000000
Description
This exceptional investment opportunity presents a 11,875 square foot, fully occupied auto shop located at 1935 E Terra Ln, O'Fallon, MO 63366, in St. Charles County. Currently operating under a net lease, the property boasts a strong 100% occupancy rate with a stable tenant holding a 5-year lease with a renewable option. The asking price is $1,400,000, translating to a price per square foot of $117.89. The current cap rate stands at 7.00%, with a pro-forma cap rate of 6.43%, and a pro-forma NOI of $90,000. This single-tenant retail property offers a secure investment with a proven track record of consistent rental income. The tenant demonstrates a history of reliable payments, making this a low-risk, high-reward opportunity for discerning investors. The property is being offered for sale by owner. Serious inquiries only, please do not disturb the tenant.
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
- O Fallon
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.6686
- Latitude
- 38.8036
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
