3601 Jeffco Blvd - Restaurant FOR SALE


Arnold, MO 63010
$2,922,566 USD
847-664-9557
3601 Jeffco Blvd, Arnold, MO for Sale
$2,922,566 USD
Restaurant - FOR SALE
1/3
null | 8% Cap Rate

3601 Jeffco Blvd
Arnold, MO 63010


HIGHLIGHTS

  • Positioned within the St. Louis MSA – Ranked #23 in the United States for population size
  • 2% annual rental escalations, next occurring November 2026
  • Successful 35-year operating history since 1988
  • Large 2.2-acre parcel at a signalized intersection
  • Six-Figure Income - Average household income exceeds $128,000 within five miles
  • More than 92,000 residents and 36,000 households are located within five miles of the subject property

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Wesley Roger’s Steak and Buffet located within the St. Louis MSA in Arnold, Missouri. The property has operated successfully as a restaurant since 1988 and is leased through December 2031. The absolute triple net lease carries zero landlord responsibilities and features 2% annual rental escalations throughout the primary term (next bump Nov 2026), along with two five-year renewal options. The lease is further backed by a personal guaranty from the operator. The 7,857 square-foot property is situated on a 2.2-acre parcel at a signalized hard corner along Jeffco Boulevard (17,000 VPD) and Richardson Road (26,000 VPD), with immediate access to Interstate 55 (62,000 VPD). The site is surrounded by national retailers including Target, The Home Depot, Goodwill, Schnucks, Walgreens, McDonald’s, Culver’s, Dollar Tree, and several others. The property is also just minutes from The National Geospatial-Intelligence Agency (NGA) Arnold Campus, a federal facility employing over 900 workers, and stands to benefit from a $75 million municipal infrastructure investment. The project will get a new arterial road that will directly enhance access to the Jeffco Boulevard retail corridor and underscores the municipality’s long-term commitment to this trade area. There are more than 92,000 residents and 36,000 households located within a five-mile radius, where the average household income exceeds $128,000. Wesley Rogers Steak and Buffet is an independent restaurant that has served the Arnold, Missouri community since 1988, originally operating under the Ponderosa Steakhouse franchise for over 30 years before rebranding under its current identity in 2020. The restaurant offers a buffet format with a full a la carte menu including steaks and seafood, operating seven days per week with approximately 45 employees. The current operator, Justin Price, acquired the business in October 2021 and has continued the restaurant’s community-focused mission; the lease is personally guaranteed in full by Justin Price and Laura Price on a joint and several basis.

FOR SALE DETAILS

PRICE

$2,922,566 USD

PRICE/SF

$372 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wesley Roger's Steak and Buffet

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

124

LAND DETAILS

LAND ACRES

2.2 AC

LAND SF

95,832 SF

ZONING

CT1

APN/PARCEL ID

09-3.0-06.0-1-001-004

ASK ABOUT THIS PROPERTY

John FeeneyThe Boulder GroupMore Info
847-664-9557

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John FeeneyThe Boulder GroupMore Info
847-664-9557

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