$1,513,000 USD
510-289-1166
3801 Gravois Ave
Saint Louis, MO 63116
Tower Grove South
HIGHLIGHTS
- Absolute NNN Ground Lease to Wendy's with a Corporate Guaranty - Approx. 4 Years Remaining
- Below Market Rent with Future Upside
- Wendy's Has Been Operating at this Location Since 2010 & Remodeled the Building in 2024
- Dense, Infill Location with High Barriers to Entry and Strong Frontage Along Gravois Ave / U.S. Route 66, which Leads Directly to Downtown St. Louis
- Hard Corner Location with Prominent Signage and Multiple Access Points Outparcel to ALDI-Anchored Gravois Plaza
- 4 Miles from Downtown St. Louis - Located on the "Going Home" Side of Traffic
OVERVIEW
Wendy’s ground lease located in St. Louis, MO, featuring a long-term corporate-guaranteed absolute NNN lease. The property is situated on a signalized hard corner outparcel to ALDI along Gravois Avenue, a primary commuter corridor just 4 miles from Downtown St. Louis.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
FOR SALE DETAILS
PRICE
$1,513,000 USD
PRICE/SF
$510 USD /SF
CAP RATE
5.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Wendy's Ground Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.77 AC
LAND SF
33,541 SF
ZONING
G
APN/PARCEL ID
4189-00-0020-0
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510-289-1166
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510-289-1166
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