Blue West Capital has completed the sale of a single-tenant net-leased MotoMart property at 11005 Riverview Drive in St. Louis, Missouri, for $5 million.
Zach Wright and Robert Edwards represented both the seller and purchaser in the transaction. The seller was a Midwest-based private family office and the purchaser was a REIT.
The 2.88-acre MotoMart property is positioned immediately north of Interstate-270 and just west of the Missouri-Illinois border. The MotoMart is at the first Missouri exit, offering customers significantly cheaper gasoline and tobacco as compared to Illinois.
MotoMart has operated at this location since 2008 and is on a long-term absolute triple-net lease.
MotoMart is a regional convenience store chain with 79 locations in Missouri, Illinois, Indiana, Ohio, Wisconsin and Minnesota. The company is family-owned and employs more than 800 people.
