$379,000

5324 Virginia Ave

St Louis MO, 63111

Description

Family Dollar is now available in Saint Louis, MO a golden opportunity for investors Very strong Tenant. " Ideal 1031 exchange property " Year Built in 1990 " Long-term lease with Options. " Larger 9,100 SF Family Dollar " Extremely strong corporate guarantee from Family Dollar " rent increase in base term of the lease; cap rate will increase to up to 16.453% at the last option term. " Rent increases are an excellent hedge against inflation " The subject property is located close to Highway 55 which sees approximately 68,400 vehicles daily " Strong demographics: more than 51,308 residents in a 3-mile radius " Strong demographics: more than 112,696 residents in a 5-mile radius

Details

MLS#19062076
Sub-TypeResale
StatusActive
Year1950
Days On Site61

Features

Story(s)1
ZoningF

Market Activity 63111

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63111
AreaSouth City
Listing VS Median (in 63111)
Price:
$379,000
low | high
Med:
$114,000
100% of Average
On Site:
61
low | high
Med:
172.5
35.36231884058% of Average
Listing Updated: 10/16/2019
MLS Number: 19062076
Listing Provided By:
Tony Alqam  of  A M Realty Inc