Hooters
Retail | 10.52% CAP | 5,577 SqFt
Marketing description
The Brandon Michaels Group of Marcus & Millichap, as Exclu-sive Advisor, is pleased to present 1101
Woodland Springs Court, a 5,577 SF single-tenant NNN Hooters situated on 1.5 acres (65,340 SF) with
exceptional visibility along Interstate 70 in Co-lumbia, Missouri. The property is positioned
within a dominant regional retail corridor and benefits from direct freeway expo-sure to traffic
counts exceeding 45,000 vehicles per day.
Hooters is an American casual dining chain founded in 1983 in Clearwater, Florida, known for its
sports-bar atmosphere, wings, and experiential dining environment. The brand operates
approximate-ly 198 locations in the United States with an additional 60 interna-tionally. Following
a recent corporate restructuring, Hooters transi-tioned from a corporate-operated model to a fully
franchise-based platform, selling 111 corporate locations to established franchisees
including Hooters Inc. (the brand’s founding operators) and Hoot Owl Restaurants LLC.
The Columbia location has successfully operated for more than 20 years and was retained through the
company’s restructuring pro-cess while other underperforming stores were rejected, reinforcing the
strength of this site. The tenant recently exercised a five-year lease option extending the term
through January 31, 2031.
The property generates $13,500 per month ($2.42/SF) on a NNN lease, with a scheduled increase to
$14,850 per month beginning February 1, 2027, and an additional increase to $16,335 per month
should the tenant exercise its remaining five-year option. Construct-ed in 2005, the freestanding
building sits on a large parcel with 110 parking spaces (19.72 per 1,000 SF), providing excellent
circulation and operational capacity.
Investment highlights
- NNN Hooters With 5 Years Remaining
- 11.57% Cap rate as of 2/2/2027
- Over 20 Years of Continuos Operations
- Retained Lease Through Corporate Restructuring
- Recently Exercised Lease Otion through january 31, 2031
- NNN Lease Structure-Passive Income with Limited Landlord Resposbilities
- Direct Interstate Visibility-Freestanding Building Positioned Along I-70
- Large 1.5 Acre Parcel
- Abundance of Parking-110 Spaces Providing 19.72 Spaces per 1000
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