Listed by Kramer Commercial Realty
$975,000
1729-1731 South 7th, 1725 South 7th Street, 700- 702 Soulard Street,
Details
Property Type Retail, Land
Sub Type Restaurant, Parking
Square Footage 5,376
Brand/Tenant Steward's Southern Classic Daiquiri Factory LLC
Lease Term 3
Lease Options 2 year renewal options
Investment Type Redevelopment
Lease Commencement 10/31/2024
1729-1731 South 7th Street, St. Louis, MO 63104
Investment highlights
- Sale Includes leased Restaurant and large parking lot ready for development!
- 700-702 Soulard Street (Parking)
- 1729-1731- South 7th Restaurant
- 7725 S. 7th Patio/Parking
- This property offers reliable cash flow with two leases already in place, providing investors with consistent returns from day one.
- Once the leases expire, the site transforms into a prime redevelopment opportunity, allowing for creative repositioning or capitalizing on
- higher-value uses.
- Restaurant Lease
- Tenant: Steward’s Southern Classic Daiquiri Factory LLC
- Premises: 5,376 SF, including patio space, located at 1729-1731 South 7th Street, St. Louis, MO 63104. Includes
- shared parking on other lots.
- Lease Term: Fixed for 3 years and 3 months, starting November 1, 2024. with 2 year renewal options
- Monthly Rent:
- Year 1: $5,980.75/month
- Year 2: $6,115.17/month
- Year 3: $6,253.63/month
- Security Deposit: $6,500
Listing Contacts
Listed by Kramer Commercial Realty
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