St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease_Propriété à vendre
St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease_Propriété à vendre

St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease

11655 New Halls Ferry Road, Florissant, MO, 63033, US

Description de l'actif

11655 New Halls Ferry Road in Florissant, Missouri is well-positioned in a strategic location that offers both economic advantages and optimal connectivity. Located in North St. Louis County, this site is part of a diverse economic landscape that combines residential, commercial, and light industrial properties. The area surrounding New Halls Ferry Road has seen steady development over the years, with a mix of retail establishments, service businesses, and community facilities. Its proximity to major thoroughfares like Interstate 270 and Highway 67 (Lindbergh Boulevard) provides excellent accessibility, connecting it not only to other parts of Florissant but also to the broader St. Louis metropolitan area. This connectivity makes it an attractive location for businesses, as it allows easy access for employees, customers, and supply chains. The area benefits from Florissant's overall economic stability, which is supported by a diverse job market, including healthcare, education, retail, and manufacturing sectors. Additionally, its location near residential neighborhoods ensures a steady flow of local consumers, while its accessibility to major roads allows it to draw from a wider customer base across North County and beyond. The economic vitality of this area is further enhanced by ongoing community development initiatives and the city's efforts to attract and retain businesses, making it a notable point of interest for commercial and retail activities in Florissant.

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Attributs

Locataires
Single-Tenant
Superficie du bâtiment nette
2 323 mètres carrés
Superficie du terrain brute
2,43 ha
Occupation
100 %
WAULT
2.5 années
Année de construction
1998
Année de rénovation
2024
Zonage
C-8
Places de parking
435

Média

Points forts de l'investissement

SINGLE TENANT ABSOLUTE NET LEASE

  • Lou Fusz Kia is on an absolute NNN lease making the tenant responsible for all expenses including the repair and replacement of any buildings, structures, and improvements
  • The NNN structure of the lease and having only a single tenant in the investment makes the property an ideal passive investment


BACKED BY HIGH-GROWTH AUTO GROUP

  • Lou Fusz Kia of North County is the go-to Kia dealership in Florissant and the surrounding areas of St. Louis.
  • The dealership is part of the multi-state Lou Fusz Automotive Group consisting of 19 dealerships with 17 brands and over 1,300 employees 


2.5 YEARS OF REMAINING LEASE TERM

  • Lou Fusz Automotive signed a 3-year lease in Q3 2024, leaving over 2 years of remaining lease term plus three 3-year renewal options
  • Lease was created upon the acquisition of the Kia Dealership by Lou Fusz from Steve Schmitt Automotive


ZONING ALLOWS FOR REDEVELOPMENT

  • The property is zoned C-8 which would allow for alternative commercial uses at the site
  • Seller would entertain a JV if a development is viewed as the highest and best use for the property


STRAGETICALLY POSITIONED SITE

  • Located on New Halls Ferry Road, the main thoroughfare of Florissant with over 20,500 vehicles/day
  • Only 1 mile from the I-270 / Florissant #30 Exit
  • Visibility from I-270 with over 71,000 vehicles/day


OPTIMAL FOR TARGET DEMOGRAPHICS

  • More than 224,000 live within a 5-mile radius of the site
  • The average Household income in the same area is $56,118
  • Located along Florissant’s retail, dining and employment corridor among mission-critical demographic subsets
St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease 4_Propriété à vendre
St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease 4_Propriété à vendre

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St Louis | North County | Kia Dealership | 6.01 Acres | 2.5 Year Remaining Single-Tenant Lease (0 Propriétés)

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Dernière mise à jour
23 avr. 2025