429 Veterans Memorial PkwyWarrenton, MO 63383

Property Details for 429 Veterans Memorial Pkwy

Lot size

1.33 AC

Property size (Sq ft)

4,976 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

05-21.0-3-00-002.001.000

APU

5210300002001000

Description

This exceptional investment opportunity presents a free-standing Denny's restaurant building in Warrenton, Missouri, situated on a 1.3-acre lot. The 5,265 square foot building, constructed in 1998 and renovated in 2015, boasts a Class B rating and is zoned C-3 Highway Commercial. Benefitting from its prime location, the property enjoys exceptional visibility along Interstate 70, with exposure to an estimated 42,364 vehicles daily. Ample parking is provided with approximately 87 spaces. Two pylon signs, one facing the interstate and another on the access road, enhance visibility and brand recognition. All furniture, fixtures, and equipment (FF&E) are included in the sale. The current tenant will vacate upon closing. This single-story building is part of a thriving market within the St. Louis Metropolitan Statistical Area (MSA). The property's address is 429 E Veterans Memorial Pkwy, Warrenton, MO 63383, and its APN is 05210300002001000. This turnkey operation presents a rare chance to acquire a well-established restaurant with significant growth potential. The asking price is $950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,753,832

  6.5%

  $1,618,922

  7%

  $1,503,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $977,581

  Geo Method

  $977,581

• Alternative Use

  Use

  Valuation

  Residential

  $1,365,621

  Hospitality

  $1,250,902

  Educational

  $1,040,735

  Medical

  $1,076,528

  Retail

  $1,618,922

Location Insight

City

Warrenton

County

Warren

State

Missouri

Latitude

38.8208

Longitude

-91.1488

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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