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Single Tenant NNN Investment Property

  SOLD January 2024 for $625,000

2855 Magnolia Avenue, St. Louis, Missouri 63118


Building Size3,292 Square Feet
Land Size0.25 Acres
ZoningB-Two Family Residental
WaterCity
SewerMSD
Electric400 Amp
Year Built1930
ConstructionMasonry and Metal
RoofRubber and Metal
Year Remodeled2015
Air Condition100% Air- Condition Space
Body Shop EquipIncluded
Drive-in Doors7 Drive-in Doors

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.


The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

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