Webster Groves Investment Real Estate

  SOLD October 2019 for $529,650

8158 Big Bend Boulevard, Webster Groves, Missouri 63119


Documents
Building Size1,716 Square Feet
Land Size2,178 Square Feet
ZoningC-Commercial
ParkingFree Public Parking-79 Space
WaterMissouri American Water
SewerMSD
ElectricAmerenUE
Year Built1918
ConstructionMasonry
RoofFlat
InvestmentSingle Tenant NNN
Cap Rate7%
NOI$37,752 1st Year
Rent Increases2% Annual Rent Increase
Lease Term5-years
Lease Options2, 5-year Options

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.

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