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Property for Sale
Restaurant
Core


6.83% Cap, Absolute Net Red Lobster with 2% Annual Rent Escalations. Across from
DePaul Hospital in St Louis MSA between 2 Major Highways.1/30/24

Jesse Limon

12235 St Charles Rock Rd, Bridgeton, MO 63044
Property for Sale
Shopping Mall
Core


Newly-Built & 100% Leased, 6.48% CAP Neighborhood Center in Madison, Indiana.
$1.15M NOI from Prime Tenants Including Kohls, TJ Maxx, Hobby Lobby, Five
Below.1/23/24

Jesse Limon

2536 Michigan Rd, Madison, IN 47250



Jesse Limon

Sign CA

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Property for Sale
Restaurant
Single Tenant Retail
Core
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Asking $5,543,496

6.83% Cap, Absolute Net Red Lobster with 2% Annual Rent Escalations. Across from
DePaul Hospital in St Louis MSA between 2 Major Highways.

12235 St Charles Rock Rd, Bridgeton, MO 63044
1/30/20240 days ago


Description

Subject is a prime 8,534 square-foot build-to-suit Red Lobster on an oversized
1.6 acres with ample parking, pylon signage, easy ingress/egress, and
strategically located on a Target outlot. Absolute net lease with zero landlord
responsibility and over ten years remaining with 2% annual rental increases and
4 x 5-year options. Conveniently located next to Lambert International Airport
on the outer ring of St. Louis Missouri.

Lease Type Absolute Net Property Type Net Lease Restaurant CAP Rate 6.83% GLA
(Sq. Ft.) 8,534 NOI $378,780 Lease Term Remaining 10 Years Increases 2% Annually
Options 4 x 5 Years

 



Investment Highlights

Prime Tenant with Zero Landlord Responsibility

Red Lobster is on an Absolute Net lease, and is a Global Leader in Seafood
Dining, with More than 700 Restaurants in Over Ten Countries. 

Attractive Immediate Cash Flow 

$378,780 NOI generates 6.83% Cap Rate with Zero Landlord Responsibilty.

Well-Established Retail Corridor

Nearby National Retailers Include: Lowe’s, Target, Walmart, Best Buy, Kohl’s,
CVS, Applebee’s, Wendy’s, Chick-fil-A, Olive Garden, and Others.

Thriving Buyer Community

Average Household Income of $73,000 and 143,041 Population within Five Miles of
the Subject Asset, as of 2022.

Robust Traffic Counts

Robust Traffic Counts on St. Charles Rock Road (23,742 VPD), a Half Mile off of
I-270 (59,713 VPD), and a Half Mile off of I-70 (52,346 VPD) (Source:
LandVision, CoStar, MODOT, 2022).

Nearby Parks & Recreation

Creve Coeur Park, Hollywood Casino, Saint Stanislaus Conservation Area, Forest
Park, St. Vincent Park, St. Louis Zoo, St. Louis Art Museum, and More. 

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