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TGI Fridays 2000 S 1st Capitol Dr 7,158 SF Retail Building Saint Charles, MO 63303 $2,800,000 ($391.17/SF) 7.50% Cap Rate



EXECUTIVE SUMMARY
Current Real Estate Advisors is pleased to present the opportunity to acquire the TGI Friday’s SLB Portfolio (the “Properties”), a select pair of freestanding retail buildings located in St. Charles (St. Louis MSA) & Columbia, Missouri. The Properties are available for acquisition together as a portfolio or individually.
These Sale-Leaseback offerings include brand new Absolute NNN leases (no Landlord responsibilities) that will be signed at the Close of Escrow. Further, they will benefit from brand-new 10-Year terms with attractive 2% annual bumps. Additionally, the leases will also include 2, 5-year Options – demonstrating this proven operator’s commitment to the locations.
This TGI Friday’s SLB Portfolio presents a unique opportunity for an astute investor to acquire strategically distributed real estate in Missouri (or to hand pick their desired location for an individual acquisition), including a pair of assets with long-term stability, stable cash flow and a resilient operator.
Strong Operating History - Both of these TGI Friday’s restaurants have been in operation for 20+ years at these locations, providing proof of concept and showcasing their strong and loyal clientele.
Secure + Steady Income Stream - Each location will benefit from a brand-new Absolute NNN 10-year lease that will be signed at the close of escrow, with zero landlord responsibilities, providing genuinely passive income.
Robust RE Fundamentals - These assets are sited in areas with favorable location dynamics – high traffic counts, new development, attractive visibility and exposure, and within carefully selected submarkets that boast a reliable and proven customer base.
Attractive Yield - This TGI Friday’s Portfolio provides an investor with a lucrative return on their capital investment and attractive annual increases, allowing the new owner to maximize their future cash flow and hedge against inflation.
These Sale-Leaseback offerings include brand new Absolute NNN leases (no Landlord responsibilities) that will be signed at the Close of Escrow. Further, they will benefit from brand-new 10-Year terms with attractive 2% annual bumps. Additionally, the leases will also include 2, 5-year Options – demonstrating this proven operator’s commitment to the locations.
This TGI Friday’s SLB Portfolio presents a unique opportunity for an astute investor to acquire strategically distributed real estate in Missouri (or to hand pick their desired location for an individual acquisition), including a pair of assets with long-term stability, stable cash flow and a resilient operator.
Strong Operating History - Both of these TGI Friday’s restaurants have been in operation for 20+ years at these locations, providing proof of concept and showcasing their strong and loyal clientele.
Secure + Steady Income Stream - Each location will benefit from a brand-new Absolute NNN 10-year lease that will be signed at the close of escrow, with zero landlord responsibilities, providing genuinely passive income.
Robust RE Fundamentals - These assets are sited in areas with favorable location dynamics – high traffic counts, new development, attractive visibility and exposure, and within carefully selected submarkets that boast a reliable and proven customer base.
Attractive Yield - This TGI Friday’s Portfolio provides an investor with a lucrative return on their capital investment and attractive annual increases, allowing the new owner to maximize their future cash flow and hedge against inflation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
7,158 SF
Building Class
B
Year Built
1998
Price
$2,800,000
Price Per SF
$391.17
Cap Rate
7.50%
NOI
$210,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.83 AC
Zoning
B-3 - GENERAL BUSINESS
Parking
162 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
114’ on First Capitol Dr
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 7,158 SF
- Restaurant
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 7,158 SF | Restaurant | - | Now |
1st Floor
| Size |
| 7,158 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3-0011-7940-00-001B.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $583,054 |
PROPERTY TAXES
Parcel Number
3-0011-7940-00-001B.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$583,054
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TGI Fridays | 2000 S 1st Capitol Dr
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