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Bob Evans 3151 Phoenix Center Dr

5,551 SF Retail Building Washington, MO 63090 £1,378,820 (£248/SF) 6.75% Net Initial Yield

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Investment Highlights

Strong Retail Corridor – Located near various attractions such as hospitals, schools, and shopping centers, all enhancing its desirability.
High Traffic Count – Highly trafficked Hwy 100 benefits from over ±25,021 vehicles per day.
Strategically Located – Located approximately ±50 miles west of Downtown St. Louis, Missouri, the property sits at the junction of State Highways 100

Surrounding National Retailers – Nearby national retailers include Target, Dick’s Sporting Goods, PetSmart, Aldi, Kohl’s, ROSS, Marshalls, Dollar Tree
Long Operating History – The building was a built-to-suit for Bob Evans in 2007 and is situated on a ±1.07 acre parcel that is right off Hwy 100.
Ideal Demographics – Average household income of over $103,018 in a 3-mile radius, desirable for a casual dining chain.

Executive Summary

Broker of Record
Kyle Matthews
License No. 2022018843 (MO)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,551 SF

Building Class

Year Built

2007

Price

£1,378,820

Price Per SF

£248

Net Initial Yield

6.75%

NOI

£93,070

Tenancy

Single

Number of Floors

Building FAR

0.12

Lot Size

1.07 AC

Zoning

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