Denny's NNN Property For Sale — Lake St. Louis, MO
1300 Lake St, Lake St. Louis, MO 63367
This Denny's property is a solid investment opportunity located in a high-growth area. The property has demonstrated consistent sales increases over the past three years. Situated between a Shell gas station and a retail center, it benefits from strong traffic generated by nearby office buildings, Days Inn, US Bank, Hardee's, Subway, and St. Joseph Hospital. The bustling Lake St. Louis area, known for its 550-acre lake offering year-round recreation and residential living, contributes to a robust local economy. Lake St. Louis is among the fastest-growing cities in Missouri, with an average annual population growth of 4-6%. The average household income within a five-mile radius exceeds $72,000. Originally constructed in 1972, the building underwent a substantial remodel in late 2004. This…
- Address: 1300 Lake St, Lake St. Louis, MO 63367
- Asking price $1.54M
- 7.00% cap rate
- NOI $107,500
- 0.3 years remaining
- NNN lease
- Year built: 1972
- Building size: 4,851 SF
- Lot size: 0.85 acres
- Lease expiration: Jan 1, 2027
- Rent increases: 1.5% annual increases
- Guarantor: Corporate
Location
This Denny's property is at 1300 Lake St in Lake St. Louis, Missouri.
Asset type: Restaurant