Main Street Auto
Retail | 6.75% CAP | 2,835 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a located at 9990 Gravois Road, St. Louis, MO 63123. The site consists of roughly 2,835 rentable square feet of building space on an estimated 0.26 -acre parcel of land. This Main Street Auto is subject to a 20-year Triple Net (NNN) lease, which commenced 2/2 0/2025. The current annual rent is $154,897 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 | This site is positioned along Gravois Road, adjacent to a heavily trafficked four-way, hard-signaled intersection. This intersection experiences an average daily traffic count of approximately 60,000 vehicles. The subject property benefits from its strong visibility and exposure to this stream of traffic.
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 Walgreens, Schnucks, Dollar General, Starbucks, Ace Hardware, Club fitness, 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 year 3/1/2031 and has no landlord responsibilities.
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