Quik Trip - St. Louis, MO (Store #638)_Propiedad en venta

2851 Gravois Avenue, St. Louis, MO, 63118, US

Quik Trip - St. Louis, MO (Store #638)

Descripción del activo

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 2851 Gravois Road, St. Louis, MO.

In June 2024, QuikTrip executed a new 10-year lease extension with contractual rent escalations every five years, zero landlord expense responsibilities, and seven, five-year renewal options.

The Property was initially purpose-built for the Tenant in 1991. Then, in 2015, QuikTrip selected the Property to be fully redeveloped to QT’s new “Gen 3” store format.

Located three miles to downtown St. Louis and St. Louis University, the Property sits along Hwy-30 with high traffic counts of 15,600+ VPD. The site is strategically positioned near the I-55 & I-44 interchange, which are the busiest thoroughfares in the metro.

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Atributos

Precio de venta

5.823.000 €

Tasa de capitalización

5,85 %

WALT

9.3 años

Área de construcción neta

547 m²

Ocupación

100 %

Año de construcción

2015

Área de terreno bruta

0,58 ha

Medios

Aspectos destacados de la inversión

Purpose-built for QuikTrip in 1991 and redeveloped in 2014 to its new "Gen 3" store format
34-year successful occupancy at this location
Recent new 10-year lease extension rent increases every five years
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 15,600+ VPD
Strategically located near the I-55 & I-44 interchange, the busiest roadways in STL
3 miles to downtown St. Louis and St. Louis University
Strong demographics with 141K population in a 3-mile radius