Return to Listing With Agent Info Without Agent Info

Webster Groves Investment Real Estate

8158 Big Bend Boulevard, Webster Groves, Missouri 63119
Sold: $529,650
Webster Groves Investment Real Estate

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
1,716 sqft
Land Size
2,178 sqft
Sewer
MSD
Water
Missouri American Water
Zoning
C-Commercial
Electric
AmerenUE
Year Built
1918
N O I
$37,752 1st Year
Roof
Flat
Parking
Free Public Parking-79 Space
Cap Rate
7%
Investment
Single Tenant NNN
Lease Term
5-years
Construction
Masonry
Lease Options
2, 5-year Options
Rent Increases
2% Annual Rent Increase

Property Description

Tei Too is fast-casual Asian cuisine restaurant and one of the best restaurants in Webster Groves with a Zomato rating of 3.9. Tei Too is owned and operated by Nippon Tei Corporation owner of three restaurants in the St. Louis Metro including; Ramen Tei, Nippon Tei, and Tei Too. The property underwent extensive renovations in 2002 when Quizno’s leased the space including major updates to electrical, plumbing and décor. Tei Too has been a tenant since 2008. The building is 1716 sf and has a full basement with an exterior stairway. There is a front and rear entrance to the property. The rear entrance leads to a 79 space FREE public parking lot. Tei Too recently entered into a new five-year NNN (less roof and structure) lease with two five-year options and annual 2% rent increase making this an attractive investment with a year one NOI of $37,752.

<<Click Here For Drone Aerial of Property>>

Location

Contact

Hal Hanstein, CCIM
Hal Hanstein, CCIM
Cardinal Realty Group, Inc.
Office: (636) 225-0385 ext. 101
[email protected]