Brick House Tavern + Tap
$3,875,000
2 McBride and Son Center Drive, Chesterfield, MO 63005
5.25
Cap Rate
203,280
NOI
Details:
Highlights:
- Rare opportunity to acquire the Fee Simple interest (NNN Leased) in a prime location in the Chesterfield Valley
- The Chesterfield trade area generates over $1 Billion in retail sales with over 6.6 million visitors annually
- The Chesterfield Valley features Chesterfield Commons, one of the largest outdoor strip mall in the United States
Description:
Marcus & Millichap is pleased to present a rare opportunity to acquire this NNN Leased restaurant property in Chesterfield, Missouri in one of the best retail corridors in the St Louis, Missouri metro area, Chesterfield Valley.
The Property, located at 2 McBride & Son Center Drive features a 1.48-acre parcel with a 6,179 sf casual dining restaurant NNN leased to Brick House Tavern + Tap, one of 10 restaurant concepts operated by Kelly Companies of Southern California.
The Tenant has successfully operated at this location since 1999, when it was rebranded from Joe’s Crab Shack to its current concept, Brick House Tavern + Tap.
The Tenant currently pays $184,800 annual rent and has recently signed a 5 year extension for a 10% increase effective March 2027 increasing the annual rent to $203,280 annually. The Seller will credit the Buyer the difference in rent between close of escrow and rent renewal start date in March 2027.
Located off I-64 in the Chesterfield Valley, with annual household incomes averaging $186,916 in a 1 to 3 mile radius. the property features frontage on Chesterfield Airport road across from Chesterfield Commons, one of the nation’s largest outdoor retail power centers with approximately 6.7 million annual visitors and over 1,664,564 square feet of retail featuring national tenants such as Walmart, Sam’s Club, Lowe’s, Best Buy, Dick's Sporting Goods, Ross Dress for Less, and national restaurant chains such as Chick Fil-A, Raising Cane’s, Culvers, Steak Shack, St Louis Bread Co (Panera). The Valley is a regional destination for shopping and dining, with The District on the north side of I-64, Top Golf, regional sports tournament fields, and major hotel chains.
Documents:
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Offering Memorandum
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Location
Gallery