This Retail Property is Off-Market.

1197 Scenic Drive
Herculaneum, MO 63048 ·

2,304 SF · Retail For Sale

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Jack in the Box

Price N/A Occupancy 100%
Building Size 2,304 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type Free Standing Bldg Year Built 2004
Property Use Type Net Lease Investment with 10+ years left on lease Lot Size 0.98 AC
Commission Split 2.25% Parking Ratio 14 / 1,000 SF
Cap Rate 6.35%
Listing ID: 17866681 Date Created: 10/09/2012 Last Updated: 01/29/2013

Description

The building was constructed in 2004. It is a single story building with a flat roof and take-out window. The building was built on a concrete slab and the building' s walls are constructed of wood frame and stucco. The building has handicap access, central air conditioning and heating and a patio at the rear of the building and. The parking lot is also concrete and has 33 spaces of which 2 are reserved for handicapped persons. The site and the surrounding area slopes to the south, while McNutt Street slopes to the east. The site enjoys excellent visibility in all directions.

The property is at the McNutt Street exit off of Interstate 55, approximately 20 miles south of St. Louis, MO. The traffic count at this exit on Interstate 55 is approximately 57,000 cars per day. The traffic count on McNutt Street is 18,362 cars per day. Other retailers in the immediate area include Wendy' s, Circle K, QuikTrip, PNC Bank, Dairy Queen, a Shell gas station and a Toyota car dealership. The property is in Herculaneum, a small town of approximately 3,600 about 20 miles south of St. Louis, MO.
St. Louis is the second largest city in Missouri and had a population of 318,069 in July of 2011. The Greater St. Louis MSA, however, has a population of 2,812,896, making it the 18th largest in the United States. The region is home to several major corporations: Express Scripts, Enterprise Rent-A-Car, Graybar Electric, Scottrade, Sigma-Aldrich, Anheuser-Busch, Edward Jones Investments, Emerson Electric, Energizer, and Monsanto. The 2011 Gross Metropolitan Product (GMP) of St. Louis was $133.1 billion, 21st-highest in the country.

Highlights

  • Absolute NNN lease
  • Full Corporate Guarantee
  • Almost 12 years left base term
  • 1% annual increases in rent
  • Traffic Count: over 57,000 / day
  • Excellent visibility and access

Research

1197 Scenic Drive, Herculaneum, MO 63048 (Jefferson County)

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