Quik Trip - St. Louis, MO (Store #638)
2851 Gravois Avenue, St. Louis, MO, 63118, US
A$9,643,000 | 547 m²
Asset Description
Unique, rare opportunity to acquire freestanding Whole Foods.
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Attributes
Asking price
A$27,465,000
Cap rate
5%
NOI
A$1,374,000
WAULT
20 years
Building area gross
2,834 m²
Land area gross
0.82 ha
Media
Investment Highlights
- 20-year corporate guaranty from parent Amazon (S&P: AA-)
- Rare low-pricing investment opportunity offering a sale price ~50% below the average for Whole Foods sold in the last five years
- 20-year, NNN Lease with minimal landlord responsibilities
- 10% increases every 5 years throughout the primary term
- Unique, free-standing Whole Foods with at-grade parking
- Only downtown grocer on a site with a century of previous grocery operations
- Located 35 miles west of Downtown Chicago with 40,000+ VPD
- Exceptional demos with 104K+ residents & an AHHI of $170K
- Proximate to communities in top 25th percentile for home value in the U.S.
Contact brokers
Whole Foods – St. Charles, IL - Sale (0 Properties)
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Last updated
21 Feb 2025
