Dobbs Tire & Auto Centers Sale-Leaseback 537 Howdershell Rd 7,100 SF Retail Building Florissant, MO 63031 $3,526,200 ($496.65/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Signalized Intersection with Excellent Visibillity
- Dense Retail Corridor | This Dobbs Tire is located in a dense retail corridor with mix of national tenants
- Proximity to Major City | The subject property is less than 30 minutes from downtown Saint Louis
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Dobbs Tire & Auto Centers located at 537 Howdershell Road, Florissant, Missouri 63031. The site consists of roughly 7100 rentable square feet of building space on an estimated 0.84-acre parcel of land. This Dobbs Tire & Auto Centers is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $211,572 and has scheduled increases of 2.00% Annually.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
7,100 SF
Building Class
C
Year Built
1993
Price
$3,526,200
Price Per SF
$496.65
Cap Rate
6%
NOI
$211,572
Tenancy
Single
Building Height
1 Story
Building FAR
0.19
Lot Size
0.84 AC
Zoning
R6 - Medium density commercial.
Frontage
83’ on Howdershell Road
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 07L-33-0345 | Improvements Assessment | $164,610 |
| Land Assessment | $58,560 | Total Assessment | $223,170 |
CONTACTS
-
Glen Kunofsky -
Matthew Anuszkiewicz -
Ryan Sblendorio -
Amelia Haydock -
Luke Babcock -
NNN Pro Group
