7-Eleven with attached Citgo gas station located in prime location at busy intersection in growing St. Louis County area.
- Located at the hard corner of Big Bend Rd. and Dougherty Ferrry Rd. in Valley Park, MO.
- 2200 Sq. Ft. building.
- .64 Acres
- Property is in front of a shopping center and across the street from another shopping center.
- Directly across the street from a McDonalds and a large Bank.
- Many apartment complexes nearby.
- 40,000 daily car count.
- Great demographics.
- Net Income $120,000.
- Priced at 6.5 cap $1,850,000.
- Four years left on Primary Lease.
- Two 5 year options with bumps.
- Tenant has been here for 12 years.
Property Specifications:
- Price: $1,600,000
- Cap rate: 7.25%
- Net Operating Income: $120,000
- Lease Term: 4 years
- Lease Type: NNN
- Lease Commenced: 2004
- Increases: No increases
- Landlord Responsibilities: no responsibilities
- Building Size (sf): 2200
- Lot Size: .64
- Existing Loan: No loan
- Options: Two five year options with 11000 increases per period
- Guarantor: 7/11 corporate guarantee
- Broker Contact: 314-757-1031