For Sale
$900,000

13642 Manchester RdBallwin, MO 63021

High-traffic location, strong tenant, great return.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a single-tenant, net-leased automotive retail property located at 13642 Manchester Rd, Ballwin, MO 63021. The property, built in 1986 and renovated in 2005, boasts 3,850 square feet of net rentable space situated on a high-traffic section of Manchester Road, offering approximately 75 to 100 feet of frontage. Currently occupied by a six-bay auto repair and tire shop, the property enjoys 100% occupancy since January 31, 2020, with a remaining lease term of five years. The property is classified as a Class B building with a single story and is zoned FPC8. The asking price is $900,000, representing a price per square foot of $207.92 and a current cap rate of 6.00%, with a pro-forma cap rate of 5.88%. The property's strong financial performance is further evidenced by a pro-forma NOI of $52,883. This is an ideal investment for those seeking a stable, high-return property with a proven tenant in a prime location. The property's APN is 22P-22-0685. Serious inquiries only. Please do not disturb the tenant.

Highlights

  • $900,000 asking price for a 3,850 SF net-leased retail property in Ballwin, MO.
  • Single-tenant, automotive-use building with a 5-year lease remaining.
  • 6.00% cap rate (5.88% pro-forma).
  • 100% occupancy since January 31, 2020, generating $52,883 in pro-forma NOI.
  • Class B building constructed in 1986, renovated in 2005, located at 13642 Manchester Rd, Ballwin, MO 63021.

Property Details for 13642 Manchester Rd

Property type
Retail properties, Automotive properties
Square Feet
3,850 SF
Class
B
Year Built/Renovated
1986/2005
Buildings
1
Stories
1

Location Insight

City
Ballwin
County
St Louis
State
Missouri
Latitude
38.5960108
Longitude
-90.4765887
13642 Manchester Rd, Ballwin, Missouri

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13642 Manchester Rd
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