509 Bates St
Saint Louis, MO 63111
7-Eleven · Retail Property For Sale

Investment Grade Tenant: Lease guaranteed by 7-Eleven Inc. (S&P AA-) - New 10-year lease extension speaking to the strength of the location - Absolute NNN Lease - 4.55% rental increase in 2022 - Three 5-year Options with 10% rental increases Established Location: 31-year operating history with 7-Eleven having exercised multiple lease options Signalized Hard Corner: Property benefits from its location at the signalized intersection of Bates Street and Virginia Avenue with traffic counts exceeding 18,000 cars per day 24 Hour Location Offering Alcohol Sales High Quality Concrete Brick Construction Dense Urban Infill Location Drawing from a 1-mile Population that Exceeds 17,500 Residents; Positive Trending Population Growth of 3% Since 2010 10 miles from Saint Louis Illinois Downtown Airport 6-miles from the Gateway Arch and Busch Stadium (Home of the Saint Louis Cardinals) 3.5-miles from the Anheuser-Busch Brewery (Historical Landmark) .5 miles from the Mississippi River Waterfront