3030 Interstate 70 Dr SE - Restaurant FOR SALE


Columbia, MO 65201
$2,933,333 USD
516-428-6050
3030 Interstate 70 Dr SE, Columbia, MO for Sale
$2,933,333 USD
Restaurant - FOR SALE
1/7
null | 7.5% Cap Rate

3030 Interstate 70 Dr SE
Columbia, MO 65201


OVERVIEW

Current Real Estate Advisors is pleased to present the opportunity to acquire the TGI Friday’s SLB Portfolio (the “Properties”), a select pair of freestanding retail buildings located in St. Charles (St. Louis MSA) & Columbia, Missouri. The Properties are available for acquisition together as a portfolio or individually. These Sale-Leaseback offerings include brand new Absolute NNN leases (no Landlord responsibilities) that will be signed at the Close of Escrow. Further, they will benefit from brand-new 10-Year terms with attractive 2% annual bumps. Additionally, the leases will also include 2, 5-year Options – demonstrating this proven operator’s commitment to the locations. This TGI Friday’s SLB Portfolio presents a unique opportunity for an astute investor to acquire strategically distributed real estate in Missouri (or to hand pick their desired location for an individual acquisition), including a pair of assets with long-term stability, stable cash flow and a resilient operator. Strong Operating History - Both of these TGI Friday’s restaurants have been in operation for 20+ years at these locations, providing proof of concept and showcasing their strong and loyal clientele Secure + Steady Income Stream - Each location will benefit from a brand-new Absolute NNN 10-year lease that will be signed at the close of escrow, with zero landlord responsibilities, providing genuinely passive income Robust RE Fundamentals - These assets are sited in areas with favorable location dynamics – high traffic counts, new development, attractive visibility and exposure, and within carefully selected submarkets that boast a reliable and proven customer base Attractive Yield - This TGI Friday’s Portfolio provides an investor with a lucrative return on their capital investment and attractive annual increases, allowing the new owner to maximize their future cash flow and hedge against inflation

FOR SALE DETAILS

PRICE

$2,933,333 USD

PRICE/SF

$467 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TGI Fridays

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

1.15 AC

LAND SF

50,094 SF

ZONING

-

APN/PARCEL ID

17-116-00-03-010-00-01

ASK ABOUT THIS PROPERTY

Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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Michael WilliamsCurrent Real Estate AdvisorsMore Info
516-428-6050

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