11835 Lackland Rd St St. Louis, MO 63146

Property Details for 11835 Lackland Rd St

Year built

1989

Property size

5,324 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a fee-simple ownership of a Hooters restaurant located at 11835 Lackland Rd, St. Louis, MO 63146. The property boasts a 5,324 square foot building on approximately one acre, constructed in 1989 and renovated in 2016. Currently operating under a corporate-guaranteed Absolute NNN lease with approximately 11.4 years remaining until March 31, 2036, this single-tenant property offers significant stability and predictable cash flow. The lease includes four 5-year renewal options, with rent bumps of 8.5% every five years, the next increase scheduled for April 1, 2026. The current annual net operating income (NOI) is $211,575, representing a 7.10% capitalization rate based on the asking price of $2,980,000 ($559.73 per square foot). The property benefits from its strategic location approximately 10 minutes from St. Louis Lambert International Airport, with high traffic volume and proximity to major roadways like I-270. The surrounding area features numerous hotels and businesses, including a large office building across the street, indicating strong local demand and potential for future growth. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a strong tenant and a compelling financial profile.