January 6, 2022 – Kyle Danielson, Brad Canova and Adam Siegel of Horvath & Tremblay have successfully completed the sale of a BP Gas Station in Grover, Missouri. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,841,867.
The BP Gas Station is located at 2400 Missouri Highway 109 in Grover (Wildwood), Missouri (the “Property”). The Property has been operating as a gas station and convenience store since it was constructed in 1999 and features a new 20-year Absolute NNN lease that commenced upon the close of escrow. The lease features attractive 10% rent increases every five years throughout the base term and at the start of each of the two (2), 5-year renewal options. BP is situated at the heavily trafficked intersection of Missouri Highway 109 and Missouri Highway 100 (Historic US Route 66) the areas primary commercial thoroughfares. The Property enjoys outstanding visibility, signage, and frontage along Missouri Route 109 and is surrounded by new residential developments. BP is well located in Grover (Wildwood) and is just a 30-minute drive from downtown St. Louis.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.