Colton’s Steak House & Grill has a new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years and three 5-year renewal options. The franchisee is an experienced 4-unit restaurant operator in Missouri & Illinois, the lease is personally guaranteed by a high net-worth operator. The subject location has been successfully open and operating for over 12 years with an attractive 6% rent-to-sales ratio.
Colton’s Steak House is located in Jefferson City, Missouri on a main retail corridor on a hard corner with excellent drive-by visibility. Nearby retailers include: Target, Walmart Supercenter, Hobby Lobby, Kohls, Menards, PetSmart, Dick’s Sporting Goods, ALDI, Orscheln Farm & Home, Westlake Ace Hardware, AutoZone, O’Reilly Auto Parts, etc. This hasset is 2.5 miles from Columbia College – Jefferson City (1,600 students) and 3 miles from SSM Health St. Mary’s Hospital (167 beds).
*In Association with Missouri Local Broker: Bryan King, King Realty Advisors #2008036027