Building Size | 1,716 Square Feet |
Land Size | 2,178 Square Feet |
Zoning | C-Commercial |
Parking | Free Public Parking-79 Space |
Water | Missouri American Water |
Sewer | MSD |
Electric | AmerenUE |
Year Built | 1918 |
Construction | Masonry |
Roof | Flat |
Investment | Single Tenant NNN |
Cap Rate | 7% |
NOI | $37,752 1st Year |
Rent Increases | 2% Annual Rent Increase |
Lease Term | 5-years |
Lease Options | 2, 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.
The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.
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