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29262753
29262749

3889 Mexico Rd, Saint Charles, MO 63303 For Sale

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
BB
MO 2005034997
NAI DESCO
MD
MO 2021006473
NAI DESCO
Listed by Hanley Investment Group, NAI DESCO
$3,353,000
186 days on market
Updated 21 days ago

QuikTrip | St. Charles, MO

Details
APN 6-0011-C274-00-0001.0000000
Property Type Retail
Sub Type Gas Station
Square Footage 6,021
Net Rentable (SqFt) 6,021
Cap Rate 5.75%
NOI $192,840
Occupancy 100%
Tenancy Single
Brand/Tenant QuikTrip
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 06/30/2031
Remaining Term 4.9
Rent Bumps No
Lease Options Ten 5-Year @ $16,941.00/Mo (1st Option)
Price per SqFt $557
Broker Co-Op Yes
Year Built 2016
Buildings 1
Stories 1
Acreage 2.410
Lease Commencement 07/01/2016
Ground Lease Yes

15-Year Absolute NNN Corporate Ground Lease | 2.41-Acre Hard-Corner Signalized Intersection

Marketing description

CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/QuikTrip_StCharles

Investment highlights

  • Corporate QuikTrip Gas Station and C-Store Ground Lease:

    • Absolute NNN corporate ground lease

    • QuikTrip has been at the property for several decades and did a major renovation, expansion, and lease extension in 2015

    • Covered land play on 2.41-acre parcel; top-tier intersection

    • Below-market rent

    • QuikTrip is one of the nation's leading convenience and gasoline retailers with over 1,100 convenience stores in 20 states

    • Ranked as one of the “Best Companies To Work For” for 15+ years – Fortune

    • #2 "Best Convenience Stores in the U.S." – American Consumer Satisfaction Index (2024)

  • Pad to Home Depot and Target (2+ Million Combined Annual Visits, Placer.ai) and Adjacent to Cave Springs Crossings (1.5 Million Annual Visits (Placer.ai); Cave Springs Crossings is anchored by T.J. Maxx and Harbor Freight Tools

  • 2.41 Acres on the Irreplaceable Hard-Corner, Signalized Intersection Location of Mexico Road and Muegge Road (51,000+ CPD) on a Top Tier Intersection:

    • The property has two points of ingress/egress and accessible from both Mexico Road and Muegge Road

  • Highly Trafficked and Accessible Corridor: The property is directly off of Interstate 70 (123,000 CPD)

  • Affluent Population With Huge Growth – St. Charles County is the #1 Fastest-Growing County in Missouri: Over $113,500 AHHI in a 5-mile radius (Link to Economic Development Site)

Listing Contacts

JL
CA 01942025, NE 20191334
Hanley Investment Group
BA
CA 01318078, NV COOP.0000245-AUTH
Hanley Investment Group
BB
MO 2005034997
NAI DESCO
MD
MO 2021006473
NAI DESCO
Listed by Hanley Investment Group, NAI DESCO

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$192,840.00
$16,070.00/mo

Valuation Metrics

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DSCR
5.75%
Cap Rate
5.75%
ROI

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