QuikTrip - Overland, MO (Store #630)_Property for Sale

2621 Woodson Road, Overland, MO, 63114, US

QuikTrip - Overland, MO (Store #630)

Asset description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a single-tenant QuikTrip located at 2621 Woodson Road, Overland, MO.

The Property was purpose-built for the Tenant in 1990. In June 2024, QuikTrip exercised its fourth, five-year extension. Furthermore, in June 2024, the Tenant added two more 5-year renewal options into its lease through December 2044. The lease features ±4.8 years of lease term remaining, zero landlord expense responsibilities, and three, five-year renewal options.

Located ±13 miles northwest of downtown St. Louis in a dense community with over 230,000 residents in a 5-mile radius, the Property is positioned in an excellent location just west of I-70 (65,000 VPD). The Property’s retail corridor performs exceptionally well with 3.4% vacancy and 12.4% rent growth since 2020.

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Attributes

Asking price

€2,945,000

Cap rate

6.1%

WALT

4.8 years

Building area net

297 sm

Occupancy

100%

Year built

1990

Land area gross

0.36 ha

Media

Investment highlights

Strategically located near I-70, St. Louis' primary thoroughfare
Purpose-built for QuikTrip in 1990 (35-year occupancy)
QT is the exclusive gas/c-store within a one-mile radius
Recently renewed for a 5-year term and added two more 5-year renewal options to its lease
Corporate guaranty from QuikTrip Corporation ("QT")
Among the largest c-store operators with 1,085+ locations and $11B+ in revenue
Absolute NNN lease with zero landlord expense responsibilities
Hard corner & signalized intersection with 27,000+ VPD
Over 233K population and nearly 12,000 businesses in a 5-mile radius