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8158 Big Bend Blvd, Webster Groves, Missouri 63119

$539,314 /
Webster Groves Investment Property
Webster Groves Investment Property
Webster Groves Investment Property
Webster Groves Investment Property
Webster Groves Investment Property
Webster Groves Investment Property
Webster Groves Investment Property

Property Details

Lot Size0.05 acres
Year1918 Bldg Size1,716 sq. ft

Property Description

Webster Groves Single Tenant NNN Investment Property for Sale.
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.


Additional Details

Nearest MSA:

St. Louis

County:

St. Louis County

Sub Market:

Webster/Kirkwood

Sub Market Type:

Suburban

Tax Id Number APN:

23K630952

Property Subtype:

  • Restaurant

  • Street Retail

Zoning:

C-Commercial

Building Name:

Tei Too Restaurant

Gross Building Area:

1716

Building Size SF:

1716

Total Available Lease:

1716

Total Land Area:

.05 Acres

Led Certified:

No

Sale Price Sale:

$539,314.00

Sales Terms:

  • Cash to Seller

Cap Rate:

7%

Market Type:

Large

Retail Cleintele:

Array

Property Located Between:

S. Old Orchard Ave & Log Cabin Ln

Side of Street:

South

Road Type:

  • Paved

Property Visibility:

Excellent

Largest Nearby Street:

Laclede Station Rd

Feet of Frontpage:

28

Traffic Vehicle Count:

15,590

Transportation:

  • Bus

  • Highway

Highway Access:

Easy Access to I-44

Airports:

Lambert St. Louis International

Area Description:

Great Webster Groves Missouri Location. This single tenant investment property located in the heart of the “Old Orchard” Business District. There are over 114 business in the district. The Old Orchard Business District is that stretch of Big Bend Boulevard between Laclede Station Road and the fork at Lockwood Avenue and is cosmopolitan in its business offerings including a wide range of eating options, many of which keep nearby Webster University and Nerinx Hall students and faculty caffeinated and calorified. Webster University-Main Campus is home to over 4474 students and 1475 faculty and staff along with Nerinx Hall 585 students and 68 faculty. The economic impact from Webster University is significant over $1.2 Million new income generated for the City of Webster Groves from University-affiliated outside-of-city visitors attending University events and $.8 Million added income from students who relocated to ad spent money in Webster Groves. Webster Groves received national attention over 50 years ago in a 1-hour CBS Documentary “Sixteen in Webster Groves.” Webster Groves is a bedroom community and suburb of St. Louis, with a population of 23,230 residents. Webster Groves has been named a Missouri Creative Community, one of America’s 100 Best Places to Live by Money magazine, one of the Best Cities for Families in America by Family Circle magazine, and is consistently included on lists of the Safest Cities in Missouri. According to a recent CoStar Survey, there are 153 commercial properties in Webster Groves with an average rent per square foot of $20.95 and a 1.9% vacancy rate. 3rd quarter 2017 cap rate for properties sold was 6.4% making this a very attractive investment for any investor.

Tenacy:

Single Tenant

Number of Stories:

1

Total Number of Buildings:

1

Property Condition:

Good

Year Built:

01/01/1970

Year Renovated:

01/01/1970

Roof Type:

Flat

Construction Siding:

  • Brick

Parking Type:

  • Surface

Total Parking Space:

79

Parking Description:

Public Lot located directly behind property along with curbside parking. All parking is FREE

Heat Type:

  • Gas

Heat Source:

  • Other

Air Conditioning:

  • Package Unit

Internet Access:

  • Cable

  • DSL

  • Gigabit

  • Satellite

Intertior Description:

Sit-down restaurant with full kitchen. Two-handicap restrooms. Rear door access to Free Public Parking.

Zoning Description:

Most retail/office uses

Lot Frontage:

28

Lot Depth:

89

Topography:

Level

Easements:

  • Ingress/Egress

  • Utilities

Useful Title Links:

Useful Title Links:

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Useful Title Links:


Location

8158 Big Bend Blvd, Webster Groves, Missouri 63119

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