Property Listing No Longer Available for Sale

2855 Magnolia Ave, St. Louis, MO

Retail for Sale - $942,857 - 3,292 Sq. Ft. on 0.25 acres


Property Info

CIMLS#1138807
Location
  2855 Magnolia Ave
  St. Louis MO 63118
UpdatedNovember 3rd, 2023
TypeRetail
Price$942,857
Building3,292 Sq. Ft.
Land0.25 acres

Property Description

Investment Opportunity, multi-state autobody shop with 13 locations and growing. New 10-year lease commencing October 1, 2023, with 3% annual rent increases and two 5-year options with The Collision Guys https://www.thecollisionguys.com. This is a great opportunity to own a long-term NNN lease property with great returns. Cap Rate in year 1 is 7% and 9.1% in year 10 giving great appreciation to the investor. This auto body shop was 100% remodeled and expanded in 2015, meeting all EPA regulations as an autobody shop with a paint booth. A new roof was installed in 2023.

Historically, consumers look to repair their vehicles instead of purchasing a new vehicle in a down economy making this an attractive investment with an expanding operator of auto body repair shops.


Financials



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