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Browse More Listings in Retail For Sale, Saint Louis, MO or Missouri

Retail Property For Sale

Rally's Hamburgers - St. Louis (NB), MO

4949 Natural Bridge Boulevard, Saint Louis, MO 63115

$Rally\'s Hamburgers - St. Louis (NB), MO$

Price:
$938,000
Building Size:
849 SF
Price/SF:
$1,104.83
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with 10+ years left on lease
Cap Rate:
7.25%
Tenancy:
Single
Year Built:
1991
Lot Size:
25,827 SF
Find Out More...

Last Verified 11/5/2009 Listing ID 16036952

Highlights

8% rent increases every 5 years
Corporate and Franchisee Guarantees!
National, quality tenant

Long term absolute NNN Lease
No management required!

Description

The restaurant is a small double drive-thru building that is oriented toward quick service. Tenant is Altes LLC, with approx. 60 locations, together with sister company Setla LLC, is the largest franchisee of Checker's, Inc, with approx. 120 stores. CHECKERS GUARANTEES THE 23 YEAR BASE TERM OF THE LEASE. Operated by franchisee. Three 5-year options.

Nearby are US Bank, Commerce Bank, Blockbuster, Family Dollar, Subway, McDonald's, Taco Bell, Burger King and Hollywood Video. There are many small specialized colleges in the vicinity. Schools and USPS very close.

Financial Summary

Major Tenant Information

Actual
Year
2008
Scheduled Gross Income
$68,040
Net Operating Income
$68,040

Tenant		Lease Expired
Altes LLC/Checkers, Inc. dba Rallys		6/1/2026

Map of 4949 Natural Bridge Boulevard, Saint Louis, MO 63115 (Saint Louis City County)

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Presented by

Pegasus Investments

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Contact Listing Broker

Michael Waterman (818) 981-4910

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Created 12/23/2008

Additional Information for 4949 Natural Bridge Avenue, Saint Louis, MO 63115

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Retail Property For Sale - Rally's Hamburgers - St. Louis (NB), MO

4949 Natural Bridge Boulevard, Saint Louis, MO, 63115