Investment Property Highlights
- Tenant: Corporate 7-11—The Southland Corporation as the Tenant
- Location: St. Louis MO USA
- Price: $499,5000 USA Dollars
- CAP Rate: 12% Return
- Lease Expiration: August 31, 2017
- Lease Options: 2-5 year options remaining
- Building Size: 2496 Square Feet
- Land Area: Approximately 1.2 Acres
This is a rare opportunity to own a 7-11 at an affordable price and high cap rate.
Location Description:
St. Louis is the Largest Metropolitan Area in the State of Missouri and has 90 municipalities including the City of Maryland Heights where this property is located, Maryland Heights is a west central suburb with a population of 27,472 and over 1700 business, including the recently announced New World Headquarters of World Wide Technology, a 495 Million Dollar project will add 1,000 employees to Maryland Heights. Closer to this 7-11 is one of the Largest Mega Church’s in St. Louis, Grace Church with a Sunday attendance of 3,000 worshipers and Pattonville High School which is located less than ½ mile away and is home to 1785 Students. According to recent demographics, within a 1-mile radius of this property 63% of the population shopped in a Convenience Store during the past 6 months and 22.8% spent more than $100 during the past 30 days.
Property Description:
This Prime Commercial Real Estate Investment Property has been a successful Corporate 7-11 Convenience Store for decades. Located at the signalized intersection of McKelvey and Creve Coeur Mill Roads with its many entrances, provides easy access from the surrounding neighborhoods, businesses, schools and churches. This St Louis Investment Property has had consistent store sales for the past five years averaging in the $1.1 Million. The Lease on this Commercial Real Estate Investment Property is Corporate Guaranteed by “The Southland Corporation” and is operated as a company owned 7-11 store. The Lease expires August 31, 2017 and there are 2-Five Year options remaining. There are very few St Louis Investment Opportunities being offered For Sale at this low price of $499,500 and a high cap rate of 12.0%.
With continuing growth of Maryland Heights which where World Wide Technology recently announced construction of their New World Headquarters, St. Louis Post Dispatch Article (http://www.stltoday.com/business/local/world-wide-technology-begins-headquarters-project/article_cb655870-d8a6-5d60-a1ec-8612f81f7460.html) a $95 Million Dollar project bringing a 1,000 new jobs to Maryland Heights.
The City of Maryland Heights and St. Louis Economic Development Partnership and the Maryland Heights Chamber of Commerce are great resources for any business need.
Cardinal Realty Group Specializes in the Sale of Pure NNN Single Tenant Investment Real Estate and has successfully completed Commercial Real Estate Investment sales throughout the United States. For More information on Commercial Real Estate Investment Sales and how you can earn a higher return on your money visit http://usinvestmentrealestate.com