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 & Spaces

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.

Location Insight

City

St. Louis

County

St. Louis

State

Missouri

Longitude

-90.4363

Latitude

38.6986