Address: 9791 St. Charles Rock Road, Breckenridge Hills, Missouri, United States 63114
Type: Auto Parts Retailer
Cap Rate: 5.95%
Lease Type: Triple Net (NNN)
Annual Rent: $66,246
Net Operating Income: $66,246
Lease Term Remaining: 13.5 Years
Rental Increases: 10% on 8/31/2028
Options: Four (4), Five (5)-Year
Rentable Sq/Ft: 8,000 SF
Rent Sq/Ft: $8.28
Price Sq/Ft: $139
Lot Size: +/- 0.42 Acres
Marcus & Millichap is please to present the exclusive listing for the Advance Auto Parts located at 9791 St. Charles Rock Rd in Breckenridge Hills, MO. The property consists of a 8,000 square-foot building sitting atop a 0.42-acre lot. There are currently 13.5 years remaining on the base term of the absolute triple net (NNN) lease, which is guaranteed by Advance Stores Company, Inc., a wholly owned subsidiary of Advance Auto Parts, Inc. Currently, the annual rent for the property is$66,246, which is scheduled to increase by 10% on 8/31/2028. The tenant has four (4), five (5)-year options to extend lease, each of which comes with a 10% rental increase.
The subject investment property is situated on St Charles Rock Road which boasts average daily traffic counts exceeding 34,000 vehicles. There are approximately 75,000 individuals residing within a three-mile radius and 220,500 individuals residing within a five-mile radius.
The subject property is well positioned in a strong retail corridor surrounded by national and local tenants, shopping centers, and academic institutions. Major national tenants in the area include: AutoZone, Family Dollar, O’Reilly Auto Parts, Pizza Hut, Taco Bell, Rent-A-Center, Super 8, as well as others. This Advance Auto Parts benefits from being located less than two miles from St. Louis Lambert International Airport. St. Louis Lambert International Airport is the primary airport in the St. Louis area and is the largest U.S. airport classified as a medium-sized primary hub.
This Advance Auto Parts is located just under four miles from the Boeing Campus. Boeing employs nearly 15,000 people in its north St. Louis campus which is the headquarters to its defense unit. The subject property benefits from being located within a five-mile radius of several academic institutions. Most notable of these being Ritenour Highschool, located two-miles from the Advance Auto Parts, with a total enrollment exceeding 1,800 students.
Breckenridge is a city in St. Louis County, Missouri. St. Louis is an independent city and inland port in the state of Missouri. The city developed along the western bank of the Mississippi River, which forms Missouri’s border with Illinois. St. Louis is the second-largest city in Missouri after Kansas City. As of 2013, the St. Louis Metropolitan Area is home to nine Fortune 500 companies, the third-highest in the Midwestern United States. St. Louis itself is home to two of those companies, Peabody Energy and Ameren. Health care and biotechnology institutions with operations in St. Louis include Pfizer, the Solae Company, Sigma-Aldrich and Multidata Systems International. St. Louis is a center of medicine and biotechnology. The Washington University School of Medicine is affiliated with Barnes-Jewish Hospital, the fifth-largest hospital in the world. Both institutions operate the Alvin J. Siteman Cancer Center. The School of Medicine is also affiliated with St. Louis Children’s Hospital, one of the country’s top pediatric hospitals. Boeing employs nearly 15,000 people in its north St. Louis campus, the headquarters to their defense unit.
BROKER OF RECORD: Brad Barham Lic.# 2013016939