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Backwoods Bar & Grill 11029 Hopewell rd

4,500 SF 100% Leased Retail Building Hopewell, MO 63660 $1,000,000 ($222/SF) 6% Cap Rate

Executive Summary

Welcome to Backwoods Bar and Grill! Established overlooking Hopewell Creek, this property is a true hidden gem. The bar & grill is about 4500 sf including a corner convenience store, vintage toy store, full bar, full kitchen, outdoor seating area, outdoor concert area, arcade room, pool room, dining area and so much more! The property also features a small-scale RV lot with two full hook up sites for additional income. (Two campers will be conveyed) Lastly, the property features a 2 bed/2 bath home and a 3bed/2bath modular home that could be used as a personal residence, or short/long-term rental. A separate living area could be finished to provide additional housing/income potential.
Here is the real value: The property is being sold as-is, meaning that everything stays with the property. All coolers, all kitchen equipment, all bar equipment, all furniture, all arcade games, all signs/decorations, full vintage toy room and way more. The signs and arcade games alone hold a significant value. This property will be turnkey the day of closing. A full list of included items is attached in the "Property Documents" section. The business returns a healthy profit year after year and represents a 6 percent cap rate at the current asking price. Detailed financial records are available upon request.
Seller will sell the Bar & Grill and campground by itself (without the residential homes) for an asking price of $750,000.
4,500 (estimated) sf building consisting of the following:
- Convenience store
- Commercial kitchen
- Full bar
- x2 concert stages
- Outdoor seating area (overlooking Hopewell Creek)
- Pool Room
- Arcade
- Vintage toy store
Small-scale RV Park
-x2 campers will be sold with the property
-x2 full hookup sites
Housing
- 2 bed (potential for 3 bath) home
- jacuzzi tub/shower combo
- walkout deck with hot tub
- Walkout basement
- 3 bed/1bath modular home
- pole barn/garage (vehicles/equipment are negotiable)
Financial records are available upon request
Bar & grill and campground can be purchased separately for $750,000.
This property provides a wonderful opportunity to own a thriving business in beautiful Hopewell Missouri. For your opportunity to view the property or learn more, contact Broker- Alec Wardenburg.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
4,500 SF
Building Class
B
Year Built
2023
Price
$1,000,000
Price Per SF
$222
Cap Rate
6%
NOI
$60,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
2.85 AC
Opportunity Zone
Yes
Zoning
C - Commercial
  • Listing ID: 33677647

  • Date on Market: 10/29/2024

  • Last Updated:

  • Address: 11029 Hopewell rd, Hopewell, MO 63660

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