1101 Woodland Springs Ct - Restaurant FOR SALE


Columbia, MO 65202
$2,090,000 USD
818-292-3175
1101 Woodland Springs Ct, Columbia, MO for Sale
$2,090,000 USD
Restaurant - FOR SALE
1/18
null | 7.75% Cap Rate

1101 Woodland Springs Ct
Columbia, MO 65202


HIGHLIGHTS

  • NNN Hooters with 5 Years Remaining
  • Freestanding Asset with Exceptional Site Fundamentals
  • Dominant Interstate Retail Corridor Columbia, Missouri

OVERVIEW

The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 1101 Woodland Springs Court, a 5,577 SF single-tenant NNN Hooters situated on 1.5 acres (65,340 SF) with exceptional visibility along Interstate 70 in Columbia, Missouri. The property is positioned within a dominant regional retail corridor and benefits from direct freeway exposure to traffic counts exceeding 45,000 vehicles per day. Hooters is an American casual dining chain founded in 1983 in Clearwater, Florida, known for its sports-bar atmosphere, wings, and experiential dining environment. The brand operates approximately 198 locations in the United States with an additional 60 internationally. Following a recent corporate restructuring, Hooters transitioned from a corporate-operated model to a fully franchise-based platform, selling 111 corporate locations to established franchisees including Hooters Inc. (the brand’s founding operators) and Hoot Owl Restaurants LLC. The Columbia location has successfully operated for more than 20 years and was retained through the company’s restructuring process while other underperforming stores were rejected, reinforcing the strength of this site. The tenant recently exercised a five-year lease option extending the term through January 31, 2031. The property generates $13,500 per month ($2.42/SF) on a NNN lease, with a scheduled increase to $14,850 per month beginning February 1, 2027, and an additional increase to $16,335 per month should the tenant exercise its remaining five-year option. Constructed in 2005, the freestanding building sits on a large parcel with 110 parking spaces (19.72 per 1,000 SF), providing excellent circulation and operational capacity.

FOR SALE DETAILS

PRICE

$2,090,000 USD

PRICE/SF

$375 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hooters

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

110

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

CP

APN/PARCEL ID

17-116-00-11-005-00-01

ASK ABOUT THIS PROPERTY

Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

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Brandon MichaelsThe Brandon Michaels GroupMore Info
818-292-3175

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.