Midtown Stabilized Investment Opportunity (11.21% Cap Rate)
Historic 1894 Midtown STL mixed-use | 100% occupied | 2 tenants | 11.21% cap rate | Renewal upside
Marketing description
3131–3137 Olive Street presents a stabilized restaurant investment with clear upside in St. Louis’ Midtown corridor. The property totals ±5,372 SF and is 100% leased to Salsa Rosada through 2027, providing reliable income with annual rent escalations. Originally built in 1894 and fully renovated in 2016, the building combines historic character with modern systems and ADA compliance. Located along Olive Street near Saint Louis University, and The City Foundry this property is positioned within one of the city’s most active growth areas.
Investment highlights
· Historic 1894 building, fully renovated in 2016 with modern systems
· Prime Midtown STL corridor near SLU, City Foundry, and Armory STL
· 100% Occupied with Salsa Rosada Restaurant (term thru 11/2027) and Latte Lounge (term thru 2031) – both have renewal options
· Attractive cap rate profile 11.21% with Updside via renewals and decreasing operating expenses
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