Press Releases
Marcus & Millichap Arranges Sale of Net-Leased Dobbs Tire & Auto Property in Ellisville, Missouri
March 27, 2025
ELLISVILLE, Mo., March 27, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a net-leased Dobbs Tire & Auto property in Ellisville, Missouri for $2,352,528.
“The buyer was drawn to the property’s strong location, excellent exposure, and the tenant’s long-standing presence in the market,” said Ken Jacobsmeyer. “With a 20-year absolute net lease in place, this deal provides long-term stability in a sought-after corridor.”
Jacobsmeyer, an investment specialist in Marcus & Millichap’s St. Louis office, procured the buyer, a Missouri-based LLC.
Dobbs Tire & Auto Center, located at 16305 Truman Road, features approximately 5,950 rentable square feet and is secured by a 20-year triple-net lease. The property benefits from prime visibility along Old Route 66, which sees more than 40,000 vehicles daily, and is just 30 minutes from downtown St. Louis.
“The buyer was drawn to the property’s strong location, excellent exposure, and the tenant’s long-standing presence in the market,” said Ken Jacobsmeyer. “With a 20-year absolute net lease in place, this deal provides long-term stability in a sought-after corridor.”
Jacobsmeyer, an investment specialist in Marcus & Millichap’s St. Louis office, procured the buyer, a Missouri-based LLC.
Dobbs Tire & Auto Center, located at 16305 Truman Road, features approximately 5,950 rentable square feet and is secured by a 20-year triple-net lease. The property benefits from prime visibility along Old Route 66, which sees more than 40,000 vehicles daily, and is just 30 minutes from downtown St. Louis.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
