Restaurant Building with
For Sale
Contact for pricing
3446 Pheasant Meadow Dr, O Fallon, MO 63368
Existing dining, kitchen, and service areas accompany an outdoor patio, providing a range of restaurant spaces.
Property Size4,688 SF
Lot Size1.02 Acres
Price / SF$287.97
Days on Market8
Property Features for 3446 Pheasant Meadow Dr
General Information
Standard status
Active
Size
4,688 SF
Total Parking Spaces
51
Lot size
1.02 Acres
Property subtype
RETAIL
Restaurant
Commercial Hood
Yes
Patio
Yes
Equipment Included
No
Additional Details
Furnished
No
Asking Price
$1,350,000
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
Cardinal Realty Group
(636) 225-0385
Listed By:
Harold Hanstein
(314) 607-2928
Source:
Moodyscre
Added: Oct 15
Changed: Oct 20
Last Checked: Oct 21 at 12:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cardinal Realty Group
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Investment Insights
Based on property information with market context.
This freestanding restaurant property contains 4,688 SF on a 1.02-acre site. The existing layout includes dining areas, an approximately 18' bar, a carry-out area, a host and waiting area, an office, and an outdoor patio. Kitchen features include a 26' exhaust hood, prep and dishwashing areas, a walk-in cooler and freezer, and two smokers.
Approximately 51 on-site parking spaces serve the property. Access is available to MO-364, Highway K, and I-64/US-40. The site is surrounded by established residential neighborhoods and is near the O'Fallon Missouri YMCA and Pheasant Point Elementary School.
The real estate is offered separately from the furniture, fixtures, and equipment, which may be negotiated independently. The Bandana's business and its associated proprietary assets are excluded from the sale.
Approximately 51 on-site parking spaces serve the property. Access is available to MO-364, Highway K, and I-64/US-40. The site is surrounded by established residential neighborhoods and is near the O'Fallon Missouri YMCA and Pheasant Point Elementary School.
The real estate is offered separately from the furniture, fixtures, and equipment, which may be negotiated independently. The Bandana's business and its associated proprietary assets are excluded from the sale.
Key Highlights
- Freestanding restaurant building with 4,688 SF on a 1.02‑acre site
- Approximately 51 on‑site parking spaces
- Kitchen includes a 26' exhaust hood, walk‑in cooler and freezer, and two smokers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$85,422
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,440
$1.7M
Cap Rate 7%
$1,220,314
$1.2M
Cap Rate 9%
$949,133
$949.1K
Market Conditions
NOI Build-Up for 4,688 SF
Gross rent
$119.3K $25.44/SF
− Vacancy
−$5.4K −$1.14/SF
EGI
$113.9K $24.30/SF
− OpEx
−$28.5K −$6.07/SF
NOI
$85.4K $18.22/SF
Area
St. Charles County, MO
Vacancy
4.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,708,440
Cap Rate 7%
$1,220,314
Cap Rate 9%
$949,133
Alternative Uses
Best Use
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,422 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,851 @ 7.0% cap · market cap 6.43%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
96
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 48%
Lou Fusz Chrysler Jeep Dodge Ram
Shops & Services
4,888 visits/mo
0.2 miles
Bandana's Bar-B-Q
Dining
2,677 visits/mo
0.0 miles
Domino's Pizza
Dining
1,572 visits/mo
0.0 miles
Papa John's Pizza
Dining
1,038 visits/mo
0.1 miles
Demographics for 63368, MO
46,007
Population
17,315
Households
2.7
Avg Household Size
39
Median Age
49%
College-Educated
96%
High-School Grad
16.2 sq mi
ZIP Area
2,840
Density / Sq Mi
$118,811
Median Household Income
$60,631
Median Earnings
$1,442
Median Rent
$327,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining, kitchen, and service areas accompany an outdoor patio, providing a range of restaurant spaces.
Where is this conventional restaurant located?
The property is located at 3446 Pheasant Meadow Dr O Fallon, MO.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Freestanding restaurant building with 4,688 SF on a 1.02‑acre site; Approximately 51 on‑site parking spaces; Kitchen includes a 26' exhaust hood, walk‑in cooler and freezer, and two smokers
