Blue West Capital Arranges Sale of Single Tenant MotoMart in St. Louis

ST. LOUIS, MO – [November 26, 2019] – Blue West Capital has completed the sale of a single tenant net leased MotoMart property located at 11005 Riverview Drive, St. Louis, MO for $5,000,000. 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 ideally 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. Missouri has the lowest cigarette excise tax in the nation and a low motor fuel tax in comparison to Illinois, which has amongst the highest cigarette and fuel taxes in the entire country.

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 over 800 people.

“Single tenant convenience stores, with strong real estate fundamentals, and large format proto-types are amongst the most sought after investments in the net lease world,” said Zach Wright, Director of Net Lease Investment Sales.

About Blue West Capital

Blue West Capital is a net lease real estate investment advisory firm focused on the acquisition and disposition of single-tenant net leased properties, retail shopping centers, and commercial investment properties nationwide. We are a team of commercial real estate experts committed to helping our clients achieve their investment goals through a combination of exceptional client communication, professional collaboration, and individual experience. 

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