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Hooters - St Louis 11835 Lackland Rd

5,324 SF Retail Building Saint Louis, MO 63146 £2,337,542 (£439/SF) 7.10% Net Initial Yield

Investment Highlights

  • ±11 years remaining - Hooters corporate guarantee
  • Population of ±772,357 within 10 miles
  • Nearby: Red Roof Inn (±158 rooms), Extended Stay (±150 rooms), La Quinta (±131 rooms), QuikTrip and several businesses
  • Rent will be increasing to $229,558 in less than 2 years
  • Dense infill
  • 10 minutes from the St. Louis Lambert International Airport (±15.9 million passengers annually)

Executive Summary

Retail Investment Group is pleased to offer for sale this Hooters in St Louis, Missouri. This opportunity features a long-term Absolute NNN lease with ±11 years remaining and a Corporate Guarantee. This ±5,324 square foot building sits on a ±1 acre lot and is located approximately 10 minutes from the St Louis Lambert International Airport with nearly 16 million passengers per year.

Attachments

Hooters - St Louis, MO

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,324 SF
Building Class
C
Year Built
1989
Price
£2,337,542
Price Per SF
£439
Net Initial Yield
7.10%
NOI
£165,962
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Land Acres
1.00 AC
Zoning
M1
Parking
75 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
75 ft on Lackland Rd

Amenities

  • Pylon Sign
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PROPERTY TAXES

Parcel Number 15N-41-0244 Improvements Assessment £210,981
Land Assessment £95,296 Total Assessment £306,277

PROPERTY TAXES

Parcel Number
15N-41-0244
Land Assessment
£95,296
Improvements Assessment
£210,981
Total Assessment
£306,277
(480) 429-4580

  • Listing ID: 33703855

  • Date on Market: 31/10/2024

  • Last Updated:

  • Address: 11835 Lackland Rd, Saint Louis, MO 63146

The Retail Property at 11835 Lackland Rd, Saint Louis, MO 63146 is currently available For Sale. Contact Retail Investment Group, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

Hooters - St Louis | 11835 Lackland Rd
(480) 429-4580 x

Hooters - St Louis | 11835 Lackland Rd

Sean Stephenson

(480) 429-4580

(480) 429-4580

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