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7210 WATSON RD Saint Louis MO 63119-4404

[Locked] • APN 23J-24-0031

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Details
Property Type Retail
Sub Type Auto Shop
Building SqFt 2,652
Lot SqFt 16,257
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code C-8
Year Built 1988
Building Count 1
Opportunity Zone No
Lease Type ******
Lease Term ******
Remaining Term ******
Lease Expiration ******

Property History

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Property Type
Property Type
Retail
Property Subtype
Auto Shop
Marketing Description

Jiffy Lube® is a leading provider of automotive preventive maintenance. With a national footprint of more than 2,000 franchisee owned service centers across the county, Jiffy Lube offers a range of services from oil changes and tire rotations to everything in between.

Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if you have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, your technician will help you find the resources and information you need, whether it’s instore, online or by accessing your vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help you Leave Worry Behind®

Jiffy Lube technicians are not just highly trained in preventive maintenance, they are also highly trained in customer service. So if you have any questions about vehicle maintenance or the services performed at any Jiffy Lube service center, your technician will help you find the resources and information you need, whether it’s instore, online or by accessing your vehicle manufacturer’s recommendations. It’s just another way Jiffy Lube strives each and every day to help you Leave Worry Behind®

Investment Highlights
  • New 8 Year Absolute NNN Lease – No landlord management responsibilities
  • Landlord Friendly Lease Structure
  • Attractive Price Point: Property priced at just over $1MM
  • Strong Area Demographics: The Property Benefits From a Population of 130,000 People With an Average Income of $85,000 Within 3-Miles
  • Inflation Hedging Rent Increases: 10% increases in the rent in the base term
  • New 8-Year Lease: Tenant recently opted to extend the lease at this location for a new term beginning in November which demonstrates long-term commitment to this location.
  • Landlord Friendly Lease Structure Absolute NNN provides a hands-free ownership experience for passive investors.
  • Bite-Sized Price Points This property presents investors with an opportunity to acquire a high-quality asset at a very achievable price-point of as little as just over $1MM
  • Inflation Hedging Increases The lease calls for 10% increases in the rent in year 5.
  • Clean Environmental Condition Landlord has clean environmental reports on file for the property and the tenant is responsible for maintaining such condition and indemnifies the landlord of any issues arising from such contamination in the lease.
  • Strong Area Demographics and Dominant Retail Positioning: Located in western St. Louis area, with 130,000 population and $85,000 average income within 3 miles; immediate proximity to grocers and Walmart Supercenter brings recurring shoppers; property benefits from high visibility with 20,000 daily passing vehicles along Historic Route 66.
  • Extremely Large and Resilient Tenant: Operated by Team Car Care, acquired by Wynnchurch Capital in 2018, known as market leader in quick oil change segment; e-commerce competition limited by environmental regulations; preventative auto care industry thrives during recessions
Property Type
Property Type
Retail
Property Subtype
Auto Shop
Asking Details
Asking Cap Rate
******
Property Type
Property Type
Retail
Property Subtype
Auto Shop
Asking Details
Asking Cap Rate
******
Investment Highlights
  • New 10-year lease tenant recently opted to extend the lease at this location for a new term beginning in November which demonstrates long-term commitment to this location

  • Landlord friendly lease structure absolute NNN provides a hands-free ownership experience for passive investors

  • Strong area demographics located in western St. Louis area, the property benefits from a population of 130,000 people with an average income of $85,000 within 3-miles

  • Dominant retail positioning – this property benefits from immediate proximity to grocers like Dierbergs and Aldi which bring recurring weekly shoppers to the area as well as a Walmart Supercenter which brings recurring shoppers from a greater service area

  • Extremely large tenant operated by Team Car Care, which was purchased by Wynnchurch Capital in 2018 who calls them “the market leader in the quick oil change segment of the “Do-It-For-Me” automotive aftermarket. Team Car Care has grown to be the largest operator and franchisee of the highly recognizable Jiffy Lube brand, currently operating 496 stores across 26 states.”

Loan History

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Financial History

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****** Data
Net Operating Income
******
Reporting Date
******

Tax History

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Contact Information

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Ownership Information

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Property Details

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Contacts

Sold on
 BY:
AW
Austin Walsh
•••.•••.2529
••stin@•••••••.com
Brokerage logo
Sold on
 BY:
DB
Dalton Barnes PRO
•••.•••.1772
••lton@••••••.com
DBRECS, LLC
Listing removed on
 BY:
BB
Brian Brockman PRO
•••.•••.1551
•rian@••••••••••.com
Brokerage logo

Map

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