317 Mid Rivers Mall Dr Saint Peters, MO 63376-1516

Property Details for 317 Mid Rivers Mall Dr

Year built

2003

Lot size

1.87 lot acres

Property size

6,280 SF

Property type

Turn key restaurants

APN

2-0111-9209-00-0002.0000000

APU

9223372036854775807

Description

This exceptional investment opportunity presents the fee simple ownership of a freestanding Red Robin restaurant in St. Peters, Missouri. The property boasts a 6,621 square foot building on a 1.87-acre lot, featuring 188 parking spaces and excellent visibility along Mid Rivers Mall Drive (31,800 vehicles per day). The property benefits from its location within a dense retail corridor, anchored by a major shopping mall with over 1 million square feet of retail space and 5 million+ annual visits. The Red Robin lease is absolute NNN, with a corporate guarantee, providing a management-free investment. The current lease term extends to June 30, 2038, with 13.6 years remaining and four 5-year renewal options. The lease includes 10% rental increases every five years, ensuring consistent NOI growth and inflation protection. The property's strong location is further enhanced by its proximity to Interstate 70 (75,300 vehicles per day) and a dense residential area with over 165,500 residents and 65,100 employees within a 5-mile radius, boasting an average household income of $120,846. The property's current NOI is $195,000, resulting in a 6.50% cap rate. Built in 2003, the property is zoned C-2 Commercial and has a parcel number of 2-0111-9209-00-0002.0000000. This is a rare opportunity to acquire a high-performing, passively managed investment property in a prime location with a strong tenant and significant growth potential. The asking price is $3,000,000.

Location Insight

City

Saint Peters

County

St. Charles

State

Missouri

Longitude

-90.6246

Latitude

38.7931

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments