Listed by Matthews
$2,000,000
Ruby Tuesday - Festus, MO
Details
APN 1930070201000401
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,255
Cap Rate 8.43%
NOI $168,648
Tenancy Single
Brand/Tenant Ruby Tuesday
Rent Bumps Yes
Year Built 2000
Acreage 1.470
Investment Type Value Add
Ground Lease No
St. Louis MSA | Vacating Tenant | Outparcel to Lowe's Home Improvement | +1.47 AC
Investment highlights
- Vacating Tenant | Outparcel to Lowe's Home Improvement | Highly Desirable Retail Corridor - strategically positioned as an outparcel to Lowe's Home Improvement, benefiting from strong co-tenancy & consumer traffic. Located along a major thoroughfare with +84,000 vehicles per day (VPD), the site captures consistent traffic from surrounding national retailers & nearby commercial developments.
- Ultra-High-Growth Market | St. Louis MSA | Largest MSA in Missouri - Festus, Missouri benefits from a lower cost of living & close proximity to major employers & economic drivers, which has contributed to significant population growth in recent years. Strong population trends & expanding consumer demand continue to attract new retailers & industries to this growing retail corridor.
- St. Louis MSA Population: 2.8M+ Residents
- Festus, MO - 2010 Population Growth: +11.88%
- Annual 3-Mile Population Growth: 4.78%
- Oversized Parcel (+1.47 AC) | Strong Redevelopment & Backfill Potential - the property features an existing +4,255 SF building situated on +1.47 Acres, offering flexibility for future redevelopment or tenant backfill. The land's residual value as a Lowe's Home Improvement outparcel provides stronger underlying value compared to traditional retail pad sites.
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$168,648.00
$14,054.00/mo
Valuation Metrics
0
DSCR
8.43%
Cap Rate
8.43%
ROI
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