• Year Built: 1978
12235 McKelvey Road is aretail property for lease in Maryland Heights, MO.
This Prime St. Louis Investment Property has been a successful Corporate 7-11 Convenience Store for decades. Located at the signalized intersection of McKelvey and Creve Coeur Mill Roads with its many entrances, provides easy access from the surrounding neighborhoods, businesses, schools and churches. This location has had consistent store sales for the past five years averaging in the $1.1 Million. The Lease on this St. Louis Investment Property is Corporate Guaranteed by “The Southland Corporation” and is operated as a company owned 7-11 store. The Lease expires August 31, 2017 and there are 2-Five Year options remaining. There are very few St. Louis Investment Opportunities being offered For Sale at this low price of $499,500 and a high cap rate of 10.3%.
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