Listed by Keys Realty
$1,395,000
720 & 728 South 4th Street
Details
Property Type Special Purpose
Sub Type Garage/Parking
Square Footage 18,525
Tenancy Single
Lease Type NNN
Lease Term 12.8
Lease Expiration 08/31/2029
Remaining Term 3.2
Pro-Forma Cap Rate 12.28%
Pro-Forma NOI $171,369
Price per SqFt $75
Lot Size (SqFt) 18,525
Zoning Opportunity
Parking Spaces 44 spaces
Parking Per SqFt 2.38
Investment Type Stabilized
Tenant Credit Franchisee
Lease Commencement 11/16/2016
Cash flow from Meineke + parking lot income in prime downtown location
Marketing description
This property is just 2 blocks from the Cardinals Baseball Stadium and is ripe for development. Generate income from parking during Cardinals Games and the current tenant (Meineke) while planning a development on the available land.
Opportunity to increase income from cardinals games and nearby restaurants.
Seller Financing Available.
Investment highlights
Located 2 Blocks From Cardinals Stadium and Arch Grounds
2 Income Sources: Meineke & Cardinals Baseball Parking Lot
Development Tax Incentives – Opportunity Zone Property
Seller Financing Available
Listing Contacts
Listed by Keys Realty
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