15619 Manchester Rd - Auto Repair FOR SALE


Ellisville, MO 63011
$2,175,000 USD
949-724-5552
15619 Manchester Rd, Ellisville, MO for Sale
$2,175,000 USD
Auto Repair - FOR SALE
1/6
null | 6.5% Cap Rate

15619 Manchester Rd
Ellisville, MO 63011


HIGHLIGHTS

  • Absolute Net Lease – Zero Landlord Responsibilities – Ideal for 1031 Exchange or Coupon Clipper
  • New 10 Year Lease – Four 5 Year Option Periods – 10% Rent Increases Every 5 Years
  • Strategically Positioned on Manchester Road (Missouri Route 100)– Over 39,200 VPD
  • Within St. Louis MSA – Population Exceeding 2.8 Million
  • Strong Demographics – Over 152,000 Residents within 5 Mile Radius
  • Average Household Income Exceeding $167,000 within 3 Mile Radius

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors a great opportunity to acquire the single tenant absolute NNN leased Take 5 Oil Change in Ellisville, MO. Take 5 is owned by Driven Brands (NASDAQ: DRVN), the largest automotive aftermarket company in North America and operates over 5,000 automotive oriented service centers across 13 countries. The new long-term lease has a 10-year primary term with four 5-year option periods, 10% rent increases every 5 years and an unconditional guaranty providing worry-free cash income for years to come. The 3,200 SF standalone building on 0.41-acre parcel is strategically located along Manchester Road which sees over 39,200 VPD and is 20 miles from downtown St. Louis, MO (MSA population approximately 2.8 million). Nearby retailers include ALDI, Schnucks, Ollie’s Bargain Market, Hobby Lobby, Michaels, Walgreens, Bank of America, McDonald’s, Chick-fil-A, Raising Cane’s and Chipotle. This is an excellent opportunity to purchase an absolute NNN leased essential service tenant with an unconditional guaranty, strong rent increases and no landlord duties, providing effortless income for a hands-off investor.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$680 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C

APN/PARCEL ID

23T-64-0363

ASK ABOUT THIS PROPERTY

Jereme SnyderColliersMore Info
949-724-5552

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Jereme SnyderColliersMore Info
949-724-5552

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.