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 | |
Updated | November 3rd, 2023 |
Type | Retail |
Price | $942,857 |
Building | 3,292 Sq. Ft. |
Land | 0.25 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.