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Rare Absolute NNN Restaurant
$3,056,266
3601 Jeffco Boulevard, Arnold, MO 63010
For Sale
Retail
Restaurant
Active
Last Updated: 10/04/2024
7.5
Cap Rate
229,220.88
NOI
Details:
Cap Rate: 7.5%
NOI: $229,220.88
Building Size: 7,857 sqft
Lot Area: 2.2 acres
Occupancy: 100%
Lease Type: Absolute Net
Year Built: 1993
Zoning: CT1
Tenancy: Single
Lease Expire Year: 12/31/2031
Highlights:
- Landmark absolute NNN restaurant
- Impressive 35-year operating history
- 7,857 square foot restaurant on large 2.20-acre lot
- Positioned at signalized hard-corner
- Traffic counts exceed 31,000 vehicles daily
- 7 years of primary term remaining
- 2.00% annual rent growth
- Excellent future development opportunity
- Covered land play
- Arnold submarket is experiencing robust growth
Description:
Tremendous Absolute NNN investment opportunity of a landmark St. Louis restaurant with impressive 35-year operating history! Wesley Roger's Steak and Buffet is a coveted restaurant serving the St. Louis MSA. Opportunity to acquire 7,587 square foot restaurant building on prime 2.2 acre lot at signalized intersection of Jeffco Boulevard and Richardson Road. Seven (7) years of primary term remaining on this absolute NNN lease with 2.00% annual rent growth. Excellent future development opportunity via covered land play.
Documents:
| Title | ||
|---|---|---|
| OFFERING_MEMORANDUM_-_3601_JEFFCO_BOULEVARD.pdf |
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Location
Gallery
