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NNN Real Estate-Webster Groves MO

8158 Big Bend Blvd, Webster Groves, Missouri 63119

Property Description

Status Active
  • Space Available:
  • Total Available:
Price $539,314
Property Type Commercial, Investment

Overview/Comments

NNN Real Estate

NNN Real Estate is located in the heart of Webster Groves Mo “Old Orchard” Business District. The Old Orchard Business is cosmopolitan in its business offerings including a wide range of eating options. Community business district is popular with residents who enjoy the close proximity to home. What makes this area even more unique is the 4474 students and 1475 faculty and staff of Webster University Main Campus and Nerix Hall with 585 students and a faculty of 68 members. The economic impact from Webster University is significant for the Webster Groves Community with over $1.2 Million new income generated by University-affiliated outside-of-city visitors attending University events and $.8 Million added income from students who relocated to and spent money in Webster Groves.

NNN Real Estate Investment Highlights

Tei Too is fast-casual Asian cuisine restaurant and one of the best restaurants in Webster Groves. Zomato gives Tei Too a rating of 3.9. The building is 1716 SF and has a full basement for additional storage. 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.

When searching for NNN Real Estate Investment Opportunities, call the Home-town Team at Cardinal Realty Group. The Cardinal can-do attitude gets results as a Realtor and CCIM for Tenants, Owners, Buyers, and Sellers of Commercial Real Estate St Louis since 2004. Our motto is unseen, is untold is unsold! Call Today to tour this property or to discuss your needs for Commercial Real Estate St Louis further.

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General Information

  • County: St. Louis County
  • Tax Id Number APN: 23K630952
  • Zoning: C-Commercial
  • Building Name: Tei Too Restaurant
  • Gross Building Area: 1716
  • Building Size RSF: 1716
  • Land Area: .05 Acres

Area and Location

  • Market Type: Large
  • Property Located Between: S. Old Orchard Ave & Log Cabin Ln
  • Side of Street: South
  • Road Type: Paved
  • Property Visibility: Excellent
  • Highway Access: Easy Access to I-44
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.
Transportation:
  • bus
  • highway

Building Related

  • Tenancy: Single Tenant
  • Number of Stories: 1
  • Total Number of Buildings: 1
  • Property Condition: Good
  • Year Built: -
  • Year Renovated: -
  • Roof Type: Flat
  • Construction/Siding: Brick
  • Parking Type: Surface
  • Total Parking Spaces: 79
  • Parking Ratio: -
  • Parking Description: Public Lot located directly behind property along with curbside parking. All parking is FREE
  • Ceiling Height: -
  • Loading Docks: -
  • Loading Doors: -
  • Drive-in Doors: -
  • Heat Type: Gas
  • Air Conditioning: Package Unit
  • Exterior Description: -
  • LEED Certified No
Internet Access:
  • cable
  • dsl
  • gigabit
  • satellite

Land Related

  • Lot Frontage: 28
  • Lot Depth: 89
  • Topography: Level
  • Easements: Ingress/Egress
  • Utilities
  • Zoning Description: Most retail/office uses

Useful Links

Location

  • Street Number: 8158
  • Street Name: Big Bend Blvd
  • City: Webster Groves
  • State: Missouri
  • Zip Code: 63119

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