Main Street Auto
Retail | 6.75% CAP | 4,357 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a located at 1779 North Highway 67, Florissant, MO 63033. The site con sists of roughly 4,357 rentable square feet of building space on an estimated 0.57-acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/20/2025. The current annual rent is $156,503 and has scheduled increases of 2.00% Annually starting 3/1/2031.
Investment highlights
Strong Corporate Guarantee | The lease features a corporate guarantee from Main Street Auto. Main Street Auto is a rapidly growing operator of automotive repair shops in the southeast and beyond. They currently operate ~150 locations. The corporate guarantee on this lease is backed by ~110 of these locations.
High-Traffic Corridor Exposure | The subject property is positioned along North Highway 67. North Highway 67 is a major retail artery that plays a key role in connecting surrounding communities to St. Louis, MO. The subject property benefits from North Highway 67’s average daily traffic count, which exceeds 27,900 vehicles. New Florissant Road intersects with North Highway 67 in close proximity to the subject property, bringing an additional 16,300 vehicles to the immediate area daily.
Dense National Retail Presence | The subject property is situated within a dense retail corridor consisting of many local and national tenants. Notable nearby national tenants include Target, Michaels, Walgreens, ALDI, Chipotle, McDonald’s, KFC, and many more – increasing consumer traffic in the immediate area.
Brand-New Long-Term Triple-Net (NNN) Lease | This site is subject to a brand-new 20-year absolute triple-net (NNN) lease which commenced on 2/20/2025. The lease features 2.00% annual rental increases starting 3/1/2031 and has no landlord responsibilities.
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