1100 Pearce BlvdWentzville, MO 63385
- Gas stations
- 1,364 SF
Property Details for 1100 Pearce Blvd
- Year built
- 1999
- Lot size
- 1.21 AC
- Property size (Sq ft)
- 1,364 SF
- Property type
- Gas stations
- APN
- 4-012C-S019-00-0001.1100000
- APU
- 4012CS0190000011100000
Description
This exceptional investment opportunity presents a 1,364 square foot, Class B auto shop in Wentzville, Missouri, currently leased to Valvoline, LLC under an absolute NNN lease. The property, situated on a 1.21-acre lot at 1100 E Pearce Blvd, boasts 14 parking spaces and benefits from a prime location within a thriving logistics and distribution hub. Built in 1999 and renovated in 2021, the property features a strong operating history as an oil change facility. The lease, commencing August 31, 2021, and expiring August 31, 2031, offers a remaining term of approximately 6.7 years, with four, 5-year lease options. The tenant is credit-rated and provides a corporate guarantee, mitigating risk. The lease includes a 7.5% rent increase every five years, offering inflation protection. The current annual net operating income (NOI) is $50,800, resulting in a 5.35% cap rate. The asking price is $950,000. The property's strategic location near major automotive facilities, including the General Motors Wentzville Assembly plant and Norfolk Southern's automotive distribution center, ensures consistent demand and long-term stability. This is a rare opportunity to acquire a well-established, low-maintenance, high-return investment property in a rapidly growing market.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $512,002
- 6.5%
- $472,618
- 7%
- $438,859
-
Comparable approach
- Method
- Valuation
- Relative Method
- $267,970
- Geo Method
- $267,970
-
Alternative Use
- Use
- Valuation
- Residential
- $398,671
- Hospitality
- $365,180
- Educational
- $303,826
- Medical
- $314,275
- Retail
- $472,618
Location Insight
- City
- Wentzville
- County
- St. Charles
- State
- Missouri
- Latitude
- 38.8135
- Longitude
- -90.8433
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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