Rare Absolute NNN Restaurant 3601 Jeffco Blvd 7,857 SF Retail Building Arnold, MO 63010 £2,303,752 (£293.21/SF) 7.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Landmark absolute NNN restaurant
- 7,857 square foot restaurant on large 2.20-acre lot
- Traffic counts exceed 31,000 vehicles daily and Arnold submarket is experiencing robust growth
- Impressive 35-year operating history
- Positioned at signalized hard-corner
- 7 years of primary term remaining, 2.00% annual rent growth, Excellent future development opportunity, Covered land play
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,857 SF
Building Class
C
Year Built
1988
Price
£2,303,752
Price Per SF
£293.21
Net Initial Yield
7.50%
NOI
£172,782
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
2.20 AC
Zoning
CT1 - CT1
Parking
124 Spaces (15.78 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-3.0-06.0-1-001-004 | Improvements Assessment | £174,048 |
| Land Assessment | £138,696 | Total Assessment | £312,743 |
