317 Mid Rivers Mall Dr - Restaurant FOR SALE


Saint Peters, MO 63376
$3,000,000 USD
714-393-2552
317 Mid Rivers Mall Dr, Saint Peters, MO for Sale
$3,000,000 USD
Restaurant - FOR SALE
1/9
null | 6.5% Cap Rate

317 Mid Rivers Mall Dr
Saint Peters, MO 63376


HIGHLIGHTS

  • 13+ Years Remaining | Scheduled Rental Increases |Options To Extend | Well-Known & Established Tenant
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Mid Rivers Mall (5M+ Annual Visits) | Dense Retail Corridor | National QSR Tenants
  • Excellent Visibility & Access Along 31,800 VPD Thoroughfare | Accessible Via Interstate 70 (75,300) | St. Louis MSA
  • Strong Demographics In 5-Mile Trade Area | Affluent Community |Near Large Scale Apartment Complexes | Direct Consumer Base

OVERVIEW

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, freestanding, Red Robin investment property located in St. Peters, Missouri. The tenant has over 13 years remaining on its lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Founded in 1969, there are now more than 500 Red Robin restaurants across the United States and Canada, including those operating under franchise agreements.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$453 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Robin | 13+yrs Remain Corp Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

188

LAND DETAILS

LAND ACRES

1.87 AC

LAND SF

81,457 SF

ZONING

C-2

APN/PARCEL ID

2-0111-9209-00-0002.0000000

ASK ABOUT THIS PROPERTY

Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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Joe ChichesterSRS National Net LeaseMore Info
714-393-2552

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