This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

Rare Absolute NNN Restaurant 3601 Jeffco Blvd

7,857 SF Retail Building Arnold, MO 63010 $3,056,266 ($388.99/SF) 7.50% Cap Rate

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
$3,056,266
Price Per SF
$388.99
Cap Rate
7.50%
NOI
$229,221
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
2.20 AC
Zoning
CT1 - CT1
Parking
124 Spaces (15.78 Spaces per 1,000 SF Leased)
Frontage
216’ on Jeffco Boulevard

NEARBY MAJOR RETAILERS

Ponderosa Steakhouse
Curves
Midland States Bank
Regions Bank
Title Cash
Waffle House
Starbucks
Schnucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
09-3.0-06.0-1-001-004
Land Assessment
$184,000
Improvements Assessment
$230,900
Total Assessment
$414,900
  • Listing ID: 33398013

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 3601 Jeffco Blvd, Arnold, MO 63010

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}