QuikTrip - Overland, MO (Store #630)
2621 Woodson Road, Overland, MO, 63114, US
₩4,434,055,000 | 297 m²
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 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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Attributes
Asking price
₩8,767,008,000
Cap rate
5.85%
WALT
9.3 years
Building area net
547 m²
Occupancy
100%
Year built
2015
Land area gross
0.58 ha
Media
Investment Highlights
- 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
Contact brokers
Quik Trip - St. Louis, MO (Store #638) (0 Properties)
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Last updated
29 Jan 2025
