묘사

Jones Lang LaSalleAmericas, Inc.(“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a single-tenant QuikTrip gas & convenience store located at 2621 Woodson Road, Overland, MO (“Property” or “Asset”). The Asset features a corporate guaranty from QuikTrip Corporation, one of the world’s largest convenience store operators with 1,085+ locations and boasts $11+ billion in annual revenue.

The Property was initially purpose-built for the Tenant in 1990. In June 2024, QuikTrip exercised its fourth, five-year extension, which extended its expiration date to December 2029. Furthermore, in June 2024, the Tenant affirmed its long-term commitment to the Property by adding two additional 5-year renewal options into its lease through December 2039.

The lease features ±3.6 years of lease term remaining, zero landlord responsibilities, and two, 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 3-miles west of Interstate-70 (65,000 VPD) and at the intersection of Midland Blvd and Woodson Road. The Property benefits from high traffic counts totaling 24,700+ VPD. QuikTrip is the exclusive gas/convenience establishment within a ±1.0-mile radius, strategically catering to its retail, industrial, residential and airport traffic.

The Property’s retail corridor performs exceptionally well with 3.4% vacancy and 12.4% rent growth since 2020. The Asset also benefits from its prime location 3 miles south of STL Lambert International Airport. As of the 2023 report, the airport recorded 13 million annual passengers.

This opportunity allows investors the unique ability to acquire an essential retail asset located in an infill and fundamentally strong St. Louis market, offering secure, committed cash flow backed by a market leading tenant with brand name recognition.

Local Broker: Jim Gates (Jim.Gates@jll.com)

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개요

임대 형태

절대 삼중 순이익

Cap rate

6.5%

요청 가격

₩3,998,614,000

NOI

₩259,953,000

건물 면적 순

297 제곱미터

토지 총면적

0.36 헥타르

미디어

투자 하이라이트

Absolute Net Lease with Zero Landlord Expense Responsibilities
Fee Simple - Bonus Depreciation Eligible (check with CPA)
35+ Years of Successful Occupancy
QT Exercised an Early 5-Year Renewal, Extending its Lease Term December 2029
Attractive CPI-Based Rent Increases Every 5 Years
Located 3-Miles South of STL Lambert International Airport (13M Passengers Annually)
Strong Demographics with 233K Population and $99K Avg. Household Income
Top 7 Largest Player in C-Store Industry
24,700+ VPD at Subject Assets Intersection and Located 3-Miles from Interstate-70
Strong Credit Tenancy with 1,085+ Locations