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

Asset description

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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Attributes

Tenants

Single-Tenant

Building area net

25,000 sf

Land area gross

6.01 acres

Occupancy

100%

WAULT

2.5 years

Year built

1998

Year renovated

2024

Zoning

C-8

Parking spaces

435

Media

Investment highlights

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