3979 Veterans Memorial Pky
Saint Peters, MO 63376
LongHorn: St. Peters, MO · Retail Property For Sale

CBRE is pleased to exclusively offer for sale the NNN LongHorn Steakhouse ground lease situated on 0.32 acres in St. Peters, Missouri—part of the St. Louis, MO-IL (Population: 2.8M+). LongHorn is positioned with excellent access and visibility along Veterans Memorial Parkway (7,304 VPD), feet from its intersection with Cave Springs Road (17,721 VPD) and the on-ramp to Interstate 70 (61,131 VPD), which provides direct access to downtown St. Louis (26 miles southeast). The property is within the 176,804-square-foot Cave Springs Shopping Center, which is tenanted by Hobby Lobby, The Edge Fitness Club, Office Depot, Cycle Gear, Northern Tool + Equipment, T-Mobile, Verizon, Batteries + Bulbs and Twisted Tavern. Originally set to expire in 2019, LongHorn’s NNN ground lease has been extended multiple times. Most recently, the lease was extended for an additional 10 years through 2034 and now features ±8.2 years of term remaining with two, 5-year options remaining. Rent increases by 5% in 2029 during the current term and 12.5% in each of the options.