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Marcus & Millichap Sells Retail Properties For Plaza Tire Service In Kirkwood And Warrenton For $5.17M

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SOLD
$5,169,230

Missouri

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Retail23,310 SF
Sold 06/10/2025
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Property Image
SOLD

Marcus & Millichap Sells Retail Properties For Plaza Tire Service In Kirkwood And Warrenton For $5.17M

915 South Kirkwood Road & 907 Steinhagen Road

See Similar Deals
Retail23,310 SF
Sold 06/10/2025
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Summary

MISSOURI
Asset Type:Retail
Price Per Square Foot:$221
Total Square Footage:23,310 SF
Transaction Type:Sale

The transaction involved two retail locations at 915 South Kirkwood Road and 907 Steinhagen Road in the Kirkwood and Warrenton market of Missouri. The combined sale price for the properties was $5,169,230, with a total square footage of 11,655, translating to a price per square foot of $444. The properties are leased to Sun Auto Group, which offers stability for the buyer given the strong demand for retail assets with long-term leases.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,169,230
  • Sale Date: 06/10/2025
  • Address: 915 South Kirkwood Road & 907 Steinhagen Road
  • Market: Kirkwood & Warrenton, MO
  • Square Footage: 11,655
  • Price Per Square Foot: $444
  • Broker: Ken Jacobsmeyer - Marcus & Millichap

Ken Jacobsmeyer represented Marcus & Millichap in this transaction, which involved the sale of two Plaza Tire Service locations. The deal reflects the increasing interest in retail properties that are backed by long-term leases, showcasing the market's current dynamics.

Players

Ken Jacobsmeyer
3 deals$15.9M volume(225) 376-6724
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: 06/10/2025 ADDRESS: 915 South Kirkwood Road & 907 Steinhagen Road MARKET: Kirkwood & Warrenton, MO ASSET TYPE: Retail BROKER: Ken Jacobsmeyer - Marcus & Millichap SALE PRICE: $5,169,230 SF: 11,655 ~ PPSF: $444 NOTE: Marcus & Millichap sold two Plaza Tire Service locations in Missouri for $5.17M, citing strong demand for retail assets with long-term leases. The properties in Kirkwood and Warrenton, leased to Sun Auto Group, offer stability for the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$275,692.27

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,365.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,504.79
Annual Debt Service$294,057.45