12235 St. Charles Rock Rd - Restaurant FOR SALE


Bridgeton, MO 63044
$4,545,600 USD
781-776-4003
12235 St. Charles Rock Rd, Bridgeton, MO for Sale
$4,545,600 USD
Restaurant - FOR SALE
1/6
null | 8.5% Cap Rate

12235 St. Charles Rock Rd
Bridgeton, MO 63044


HIGHLIGHTS

  • Long Term Lease
  • Fixed Annual Rent Increases
  • Zero Landlord Responsibilities
  • Strategic Location
  • Strong Traffic Counts
  • Excellent Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the fee-simple interest in the single-tenant, Absolute NNN, Red Lobster located at 12235 Saint Charles Rock Road in Bridgeton (St Louis MSA), Missouri (the “Property”). The Property was renovated for Red Lobster in 2012. Red Lobster has 9+ years remaining on their lease term with four, 5-year renewal options. Red Lobster’s lease calls for attractive 2% annual increases providing for fixed, annual increases in revenue. The Property is strategically located adjacent to the signalized intersection of McKelvey Road and Saint Charles Rock Road (MO Route 180), the area’s primary commercial corridor. The Property enjoys excellent frontage and visibility, is shadow anchored by Target, across the street from The Plaza at DePaul, a Kohls and ALDI anchored center, and is surrounded by national retailers and businesses that drive significant traffic to the area. The Property is close to Interstates 70 and 270 and is just 3.5-miles from St Louis Lambert International Airport, which sees over 15 million passengers annually. Bridgeton is part of the St. Louis MSA (approximately 2.8 million residents) and is 15-miles northwest of Downtown St. Louis.

FOR SALE DETAILS

PRICE

$4,545,600 USD

PRICE/SF

$533 USD /SF

CAP RATE

8.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

52

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

10B-2

APN/PARCEL ID

11N-51-0221

ASK ABOUT THIS PROPERTY

Robert HorvathHorvath & TremblayMore Info
781-776-4003

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Robert HorvathHorvath & TremblayMore Info
781-776-4003

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.