5246 N Service Road St. Peters (St. Louis MSA), MO
Building Size: 7,488 SF
Lot Size:0.85 AC
OUTPARCEL TO A 245,278 SF REGIONALLY DOMINANT SHOPPING CENTER • The subject property sits as an outparcel to the Shoppes at Mid Rivers, a 245,278 power center with a tenant line-up including Academy, Marshalls, Burlington, Ross, HomeGoods and more. • Mid rivers Mall is directly across the street from the Discount Tire and is the largest shopping mall in St. Charles County with over 1 Million SF of retail space and 140 shops. • This Discount Tire is located in the main retail corridor in St. Peters and is surrounded by over 5.5 Million SF of retail within a 1.5 mile radius. • Other surrounding retail includes Costco, Walmart, The Home Depot, Lowe’s Home Improvement, ALDI, Menards, and more
EXCELLENT VISIBILITY OFF INTERSTATE 70 | 140,000 VPD • The property is strategically positioned directly off Interstate 70 (140,000 VPD) with unmatched frontage and visibility. • Interstate 70 connects St. Peters to downtown St. Louis.
DENSE AFFLUENT ST. LOUIS SUBURB • The subject property is located in St. Peters only 30 minutes outside of downtown St. Louis. • There are over 150,000 people in a 5 mile radius with 17% growth. • Average Household income in a 5 mile radius is $107,376 • Amazon opened a 855,000 SF fulfillment center in 2019, 3 miles northeast of the subject property. Amazon invested $175M in the center and created 1,500 jobs.
18.5 YEAR CORPORATE NNN GROUND LEASE WITH INCREASES • The subject property is brand new construction with 18.5 years remaining on a 20 year corporate guaranteed ground lease. • The lease is absolute NNN and the tenant is responsible for all taxes, insurance, CAM, roof and structure. • There are attractive 8% rental increases every 5 years during the initial lease and each of the seven, 5-year option periods.
LARGEST INDEPENDENT TIRE RETAILER IN THE WORLD • Discount Tire is the largest independent tire and wheel retailer in the world with over 1000 locations across 35 states. • The company was founded in 1960 and is headquartered in Scottsdale, AZ. • In 2021, Discount Tire had revenue in excess of $5.4 Billion and ranks #77 on the Forbes America’s largest Private Companies list. • In 2021 Discount Tire Acquired Tire Rack, Originally a Mail Order Tire Seller, Tire Rack is the Industry’s Oldest and Largest Online Tire Seller that Serves the Business-to-Business and Fleet Segments.