1049 Kingshighway St, Rolla, MO 65401
For Lease
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This exceptional commercial property, situated at 1049 Kingshighway Street in Rolla, Missouri, presents a unique opportunity for food service businesses. Established in 1966, this well-regarded restaurant boasts a substantial 5,297 square foot building on a 1.07-acre lot, offering ample space for operations and customer parking. The property features 130 feet of frontage along the busy Kingshighway corridor, a high-traffic area with numerous national food franchises, ensuring excellent visibility and accessibility. With 68 parking spaces, patrons will find convenient parking readily available. The interior comfortably seats up to 165 diners. The sale includes all existing kitchen equipment and furniture, ready for immediate operation. The HVAC system comprises five 5-ton rooftop units. Two pizza ovens are also included in the sale. The property's strategic location just off Interstate 44 further enhances its appeal, providing easy access for customers. Prominent signage ensures high visibility to passing traffic. This turnkey operation is ideal for restaurateurs seeking a well-established location with significant potential. Alternatively, the property is available for lease on a triple-net basis at a monthly rate of $5,600. This presents a compelling investment opportunity in a thriving commercial area.
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Penelope's Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.