16305 Truman RdEllisville, MO 63011

Property Details for 16305 Truman Rd

Year built

1994

Construction

FRAME

Lot size

1.27 AC

Property size (Sq ft)

6,232 SF

Zone code

19C-4

Property type

Auto shops

APN

23U-5-2-017-6

APU

23U520176

Description

This exceptional investment opportunity presents a fee-simple ownership of a 5,950-square-foot Dobbs Tire & Auto Center in Ellisville, Missouri. Located at 16305 Truman Road, this property boasts a prime location on Old Route 66, benefiting from high daily traffic volume exceeding 40,000 vehicles, further enhanced by the proximity of Old State Road with an additional 16,700 vehicles daily. The property sits on a 1.7-acre lot and features a 20-year triple-net (NNN) lease with a corporate guarantee, ensuring consistent cash flow. The current annual net operating income (NOI) is $147,033, with a 6.00% cap rate and a 20-year remaining lease term. Annual rent increases of 2.00% are built into the lease. Built in 1982, this auto shop serves an affluent community, with average household incomes exceeding $151,000 within a three-mile radius and $152,000 within five miles. Its convenient location, just 30 minutes from downtown St. Louis, adds to its appeal. The asking price for this exceptional net lease investment is $2,450,550. This is a rare opportunity to acquire a stable, high-performing asset in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $2,218,449

  6.5%

  $2,047,799

  7%

  $1,901,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,224,334

  Geo Method

  $1,224,334

• Alternative Use

  Use

  Valuation

  Residential

  $1,727,395

  Hospitality

  $1,582,285

  Educational

  $1,316,442

  Medical

  $1,361,717

  Retail

  $2,047,799

Location Insight

City

Ellisville

County

St. Louis

State

Missouri

Latitude

38.5876

Longitude

-90.6091

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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