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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

Restaurants Missouri Arnold 3601 Jeffco Blvd, Arnold, MO 63010

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.

ATTACHMENTS

OFFERING MEMORANDUM - 3601 JEFFCO BOULEVARD

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

LINKS

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NEARBY MAJOR RETAILERS

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

PROPERTY TAXES

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

PROPERTY TAXES

Parcel Number
09-3.0-06.0-1-001-004
Land Assessment
$184,000
Improvements Assessment
$230,900
Total Assessment
$414,900
(314) 322-2510

CONTACT

  • Listing ID: 33398013

  • Date on Market: 10/3/2024

  • Last Updated:

  • Address: 3601 Jeffco Blvd, Arnold, MO 63010

More public record information on 3601 Jeffco Blvd, Arnold, MO 63010

The Retail Property at 3601 Jeffco Blvd, Arnold, MO 63010 is currently available for sale. Contact Manor Real Estate for more information.

RETAIL PROPERTIES IN NEARBY NEIGHBORHOODS

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Rare Absolute NNN Restaurant | 3601 Jeffco Blvd
(314) 322-2510 x

Rare Absolute NNN Restaurant | 3601 Jeffco Blvd

Eddie Cherry

(314) 322-2510

(314) 322-2510

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