Colton’s Steak House & Grill

Jefferson City, MO

Price $2,308,000
Cap Rate 6.50%
TYPE Single-Tenant
STATUS Available
Tenant Colton's Steak House & Grill
LEASE TYPE Absolute NNN
SQUARE FEET 6,953
PRICE/SQ FT $331
YEAR BUILT 1986 | 1999 & 2006
LEASE EXP. 15 Years from Close of Escrow
LISTING AGENT Justin Zahn
480-214-5088 x102
justin@ciadvisor.com
Justin Carlson
480-214-5088 x105
jcarlson@ciadvisor.com
Bryan King, King Realty Advisors
Missouri Local Broker #2008036027

Property Description

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

Property Highlights

  • New 15-Year Absolute NNN Lease with Attractive 10% Rental Escalations every 5 Years with Three 5-Year Renewal Options
  • Located on Main Retail Corridor on a Signalized Hard Corner with Great Drive-By Visibility on Missouri Blvd where Traffic Counts Exceed 37,770 CPD!
  • Demographics: Total Population (5-MI): 53,193 | Avg HH Income (1-MI): $76,410
  • Experienced 4-Unit Restaurant Operator in Missouri & Illinois – Lease is Personally Guaranteed by a High Net-Worth Operator ** ASK BROKER FOR DETAILS**
  • Successfully Open & Operating at This Location for Over 12 Years and an Attractive 6% Rent to Sales Ratio Ensuring Long Term Profitability!
  • Outparcel to a Corporate ALDI Grocery (Under Construction) Anchored Retail Center.