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12235 St. Charles Rock Rd
Bridgeton, MO 63044
Retail Property For Sale
Investment Highlights
- Absolute NNN lease with 2% annual increases and no landlord responsibilities.
- Excellent visibility along St. Charles Rock Road and proximity to McKelvey Rd with lighted access.
- Current term runs through July 2034, with four additional five-year renewal options.
- Corporate-guaranteed lease backed by Red Lobster.
- Outlot location to Target within a busy retail destination corridor in northwest St. Louis County.
- High-yield investment with strong Year-over-Year traffic growth of 12%+.
Executive Summary
This single-tenant Red Lobster property in Bridgeton, Missouri offers a compelling investment with long-term stability. The asset features an Absolute NNN lease with zero landlord responsibilities, making it a truly passive income opportunity. The lease includes 2% annual rent increases, guaranteeing consistent revenue growth over time. Corporate-guaranteed by Red Lobster, this property provides security and credit-backed reliability for investors seeking durable returns.
The location is a prime outlot to a well-trafficked Target in a strong retail corridor along St. Charles Rock Road, providing direct visibility as well as convenient access from McKelvey Road and a lighted intersection at the rear. Surrounding tenants include national brands such as Aspen Dental, Panera Bread, Walgreens, Chick-fil-A, and Kohl’s, reinforcing the area’s retail synergy and consumer traffic. With a cap rate exceeding 9.5%, strong fundamentals, and a lease term extending through July 2034 with four five-year renewal options, this property is well-positioned for both stability and upside.
The location is a prime outlot to a well-trafficked Target in a strong retail corridor along St. Charles Rock Road, providing direct visibility as well as convenient access from McKelvey Road and a lighted intersection at the rear. Surrounding tenants include national brands such as Aspen Dental, Panera Bread, Walgreens, Chick-fil-A, and Kohl’s, reinforcing the area’s retail synergy and consumer traffic. With a cap rate exceeding 9.5%, strong fundamentals, and a lease term extending through July 2034 with four five-year renewal options, this property is well-positioned for both stability and upside.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,534 SF
Building Class
C
Year Built
1973
Price
$4,147,000
Price Per SF
$485.94
Cap Rate
9.50%
NOI
$393,965
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.67 AC
Zoning
10B-2 - Mixed commercial, retail
Parking
52 Spaces (6.09 Spaces per 1,000 SF Leased)
Frontage
313’ on Saint Charles Rock Rd
Amenities
- Signage
Property Taxes
| Parcel Number | 11N-51-0221 | Improvements Assessment | $602,180 |
| Land Assessment | $223,900 | Total Assessment | $826,080 |
Property Taxes
Parcel Number
11N-51-0221
Land Assessment
$223,900
Improvements Assessment
$602,180
Total Assessment
$826,080
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