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29443082
29443083

11835 Lackland Rd, St. Louis, MO 63146

SS
AZ AZ SA672380000
Retail Investment Group LLC
SD
AZ AZ BR101032000
Retail Investment Group LLC
Listed by Retail Investment Group LLC
$1,999,000
136 days on market
Updated 3 days ago

Hooters

Details
Property Type Retail
Sub Type Bar, Restaurant
Square Footage 5,324
Units 1
Cap Rate 7.55%
NOI $150,936
Occupancy 100%
Tenancy Single
Brand/Tenant Hooters, Twin Peaks
Lease Type Absolute NNN
Lease Expiration 03/31/2036
Remaining Term 9.8
Price per SqFt $375
Broker Co-Op Yes
Year Built 1989
Year Renovated 2016
Buildings 1
Stories 1
Acreage 1.000
Investment Type Net Lease
Ownership Fee Simple

9+ Yrs | Absolute NNN

Marketing description

Retail Investment Group is pleased to offer for sale this Hooters in St Louis, Missouri. This opportunity features a long-term Absolute NNN lease with over 9 years remaining. This ±5,324 square foot building sits on a ±1 acre lot and is located approximately 10 minutes from the St Louis Lambert International Airport with nearly 16 million passengers per year.

Investment highlights

Over 9 years remaining

Population of ±772,357 within 10 miles

Dense infill

Nearby: Red Roof Inn (±158 rooms), Extended Stay (±150 rooms), La Quinta (±131 rooms), QuikTrip and several businesses including a large office building across the street

10 minutes from the St. Louis Lambert International Airport (±15.9 million passengers annually)

Less than 1 mile from I-270 with over 100,000 vehicles per day

Hooters has just emerged from Bankruptcy, closing non performing locations and was acquired by one of the original Hooters founders.

Listing Contacts

SS
AZ AZ SA672380000
Retail Investment Group LLC
SD
AZ AZ BR101032000
Retail Investment Group LLC
Listed by Retail Investment Group LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$150,936.00
$12,578.00/mo

Valuation Metrics

0
DSCR
7.55%
Cap Rate
7.55%
ROI

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Additional Information

Name
Brian Brockman
License
2017032771
Brokerage
Bang Realty-Missouri Inc
Brokerage Phone
513-898-1551
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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