12235 St Charles Rock Rd Bridgeton, MO 63044

Property Details for 12235 St Charles Rock Rd

Year built

1973

Lot size

1.67 lot acres

Property size

8,534 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple interest in a single-tenant, 8,534 square-foot Red Lobster restaurant located at 12235 St. Charles Rock Road in Bridgeton, Missouri, within the St. Louis MSA. The property, built in 1973 and renovated in 2012, sits on a 1.67-acre lot and boasts an absolute NNN lease with a corporate guarantee. The current lease, commencing July 27, 2014, and expiring July 30, 2034, offers a remaining term of approximately 9.7 years, with four 5-year renewal options. Rent increases annually by 2%, providing a hedge against inflation. The property enjoys a prime location adjacent to a major intersection, with excellent visibility and frontage. It benefits from strong shadow anchors including Target and proximity to other national retailers and restaurants, creating high traffic volume. Convenient access to Interstates 70 and 270, and proximity to St. Louis Lambert International Airport further enhance its appeal. The area boasts impressive demographics, with a large population and high average household income within a 5-mile radius. The property's strong NOI of $386,376 and 8.50% cap rate make it a compelling investment opportunity. The property is part of a thriving commercial corridor, surrounded by a dense concentration of national retailers, restaurants, and businesses, ensuring consistent traffic and customer base for the Red Lobster tenant. This is a truly passive investment with zero landlord responsibilities.