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Restaurant

Absolute Net Red Lobster in St. Louis MSA

12235 St Charles Rock Rd, Bridgeton, MO 63044

Listing Price: $5,224,551

Cap Rate
7.25%
Tenant Name
Red Lobster
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
8,534
Lease Type
Absolute Net
Rent Per Square Feet
$44.38

Investment Overview

Subject is a Prime 8,534 Square-Foot Build-to-Suit Red Lobster on a 1.67-Acre Lot with Ample Parking,
Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Target Outlot. Absolute NNN Lease with Zero Landlord Responsibility Over Ten Years Remaining with 2% Annual Rental Increases, 4 x 5-Year Options.

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: Lowe's, Target, Walmart, Best Buy, Kohl's, CVS, Applebee's, Wendy's, Chick-fil-A, Olive Garden, and Others
  • Thriving Community with an Average Household Income of $73,000 and 143,041 Population within Five Miles of the Subject Asset, as of 2022
  • Robust Traffic Counts on St. Charles Rock Road (23,742 VPD), a Half Mile off of I-270 (59,713 VPD), and a Half Mile off of I-70 (52,346 VPD) (Source: LandVision, CoStar, MODOT, 2022)
  • Parks and Outdoor Recreational Facilities Nearby Include: Creve Coeur Park, Hollywood Casino, Saint Stanislaus Conservation Area, Forest Park, St. Vincent Park, St. Louis Zoo, St. Louis Art Museum, and More
  • Subject is 13 Miles from Downtown St. Louis, with a Metro Population of 2.8 Million People
  • Red Lobster is Across the Street fom DePaul Hospital, Serving 200,000 Patients per Year
  • Subject is Less than Three Miles from St. Louis Lambert International Airport, Serving 15 Million Passengers Annually (flystl.com)

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Restaurant

Absolute Net Red Lobster in St. Louis MSA

Listing Price: $5,224,551

Cap Rate
7.25%
Tenant Name
Red Lobster
Years Remaining On Lease
10.4
Guarantor
Corporate Guarantee
Rentable SF
8,534
Lease Type
Absolute Net
Rent Per Square Feet
$44.38

Investment Highlights

  • Well Established Retail Corridor | Nearby National Retailers Include: Lowe's, Target, Walmart, Best Buy, Kohl's, CVS, Applebee's, Wendy's, Chick-fil-A, Olive Garden, and Others
  • Thriving Community with an Average Household Income of $73,000 and 143,041 Population within Five Miles of the Subject Asset, as of 2022
  • Robust Traffic Counts on St. Charles Rock Road (23,742 VPD), a Half Mile off of I-270 (59,713 VPD), and a Half Mile off of I-70 (52,346 VPD) (Source: LandVision, CoStar, MODOT, 2022)
  • Parks and Outdoor Recreational Facilities Nearby Include: Creve Coeur Park, Hollywood Casino, Saint Stanislaus Conservation Area, Forest Park, St. Vincent Park, St. Louis Zoo, St. Louis Art Museum, and More
  • Subject is 13 Miles from Downtown St. Louis, with a Metro Population of 2.8 Million People
  • Red Lobster is Across the Street fom DePaul Hospital, Serving 200,000 Patients per Year
  • Subject is Less than Three Miles from St. Louis Lambert International Airport, Serving 15 Million Passengers Annually (flystl.com)

Investment Overview

Subject is a Prime 8,534 Square-Foot Build-to-Suit Red Lobster on a 1.67-Acre Lot with Ample Parking, Pylon Signage, Easy Ingress/Egress, and Strategically Located on a Target Outlot. Absolute NNN Lease with Zero Landlord Responsibility Over Ten Years Remaining with 2% Annual Rental Increases, 4 x 5-Year Options.

Exclusively Listed By

  • Jesse Limon

    Licensed Real Estate Salesperson

    (212) 430-5291

    Email Jesse

    License(s): IN: RB14048415, NY: 10401271892

    Manhattan

Broker of Record

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

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