2916 Gravois Ave St St. Louis, MO 63118
- Retail properties
- 1,388 SF
Current Use by Public Records
- Retail properties
Property Details for 2916 Gravois Ave St
- Year built
- 1957
- Property size
- 1,388 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional investment opportunity presents a thriving Chicago Fish & Chicken Grill restaurant located at 2916 Gravois Ave, St. Louis, MO 63118. The property boasts a 1,388 square foot building situated on a 7,048 square foot lot. Built in 1957 and renovated in 2000, this Class B retail property operates under a single-tenant, NNN lease with 6 years remaining (until 7/31/2030), ensuring a stable income stream. The current occupancy is 100%, generating a strong Net Operating Income (NOI) of $33,425 and an attractive 8.46% capitalization rate. The asking price is $395,000. This well-established restaurant benefits from a prime location with excellent visibility and accessibility from Gravois Avenue (16,000 vehicles per day) and Arsenal Street (6,000 vehicles per day), situated at a signalized intersection. The chain includes four locations, with an additional twelve operating under its sister brand, St. Louis Fish & Chicken. This presents a compelling investment opportunity in a dense, high-traffic area. The property consists of one single-story building.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2316
- Latitude
- 38.601
