Overview

Description

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a single-tenant, freestanding, former Denny’s restaurant located in Pontoon Beach, IL (St. Louis MSA). The property consists of 4,698 SF of GLA on 1.30 acres and is zoned B-2 – General Business, providing for a wide range of commercial uses with drive-thru authorization. The site presents an excellent lease-up or redevelopment opportunity in a highly desirable retail location with direct access to major residential communities, hotels, retail, and industrial facilities.

The subject property is strategically located along State Highway 111, providing clear visibility and access to an average of 18,400 vehicles passing by daily. The asset benefits from direct access onto Interstate 270 (55,200 VPD), State Highway 203 (15,500 VPD), and State Highway 3 (19,400 VPD), making this a centralized location with easy commutes for employees and customers. Interstate 270 is a beltway for the St. Louis MSA and directly connects to Interstate 70, a major east-west route that spans from Utah to Maryland, allowing the subject to be a viable destination for cross-country travelers. The asset is ideally situated within a dense retail corridor with many nearby national/credit tenants including Save-a-Lot, Walgreens, Taco Bell, Dollar General, Casey’s, a newly built 543K+ SF Amazon distribution warehouse, and many others. In addition, the property is directly beside a Super 8 (58 rooms), Best Western (66 rooms), La Quinta Inn (65 rooms), Holiday Inn (87 rooms – under construction), and Days Inn (59 rooms), providing a direct consumer base. The 5-mile trade area is supported by over 46,800 residents and 16,200 daytime employees, with a healthy average household income of $90,596.

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