Discount Tire

Investment Highlights

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.