Wendy's Ground Lease

St. Louis
MO
Missouri

Call for Details

$

1,513,000

Call for Details
5.50
%
CAP Rate

Established Wendy's Drive-Thru

with Convenient Access at a Signalized, Hard Corner

Outparcel to ALDI-Anchored Gravois Plaza

1.3M Annual Visits (per Placer.ai)

Remodeled in 2024

Property details
  1. Absolute NNN Ground Lease to Wendy’s with a Corporate Guaranty
    • Approximately 4 Years Remaining
  2. Below Market Rent with Future Upside
  3. Wendy’s has Been Operating at this Location Since 2010 & Remodeled the Building in 2024
    • Recently Exercised their First Option, Showing their Long-Term Commitment to the Site
  4. Dense, Infill Location with High Barriers to Entry
  5. Strong Frontage with Prominent Pylon Signage Along Gravois Ave / U.S. Route 66
    • Major Thoroughfare Leading Directly into Downtown St. Louis (4 Miles)
    • Strategically Positioned on the “Going Home” Side of the Major Commuting Arterial
  6. Hard Corner Location with Multiple Access Points Outparcel to Gravois Plaza
    • Anchored by ALDI, with Hollywood Beauty, Dollar Tree, Shoe Carnival, U.S. Bank, and More
    • 1.3 Million Annual Visits (per Placer.ai)
  7. Additional Surrounding Retailers include Schnucks, QuikTrip, Burger King, White Castle, KFC, & More
  8. 1 Mile from Roosevelt High School and 1.5 Miles from St. Mary’s South Side Catholic High School
  9. St. Louis is the Second-Largest City in Missouri
    • Population of ~280,000 & MSA Population of ~2.8 Million

In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835

Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
Broker / ParaSell, Inc.
MO RE Lic#2019024102
Property Specs
Tenancy
Single Tenant
Multi Tenant
Building Size
3,486
SF
Lot Size
0.772
AC
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
Broker / ParaSell, Inc.
MO RE Lic#2019024102