SINGLE TENANT NNN LEASE INVESTMENT OPPORTUNITY

Sports and Entertainment / Theatre/Performing Arts / 100 Wentzville Bluffs Drive Wentzville, MO 63385 , Wentzville Missouri 63385

 
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Christopher E. Maling

Colliers International

Office Phone: 1 213 532 3292

Cell Phone: 1.213.364.7222

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Published on: Tuesday, September 12, 2017 3:29:17 PM
Updated on: Tuesday, September 12, 2017 3:29:17 PM
Purchase with B2B
Purchase with B2B
 Purchase with Business to Business
Quick Glance

Listing ID: CL-Missouri-91391

Status: Accepting Offers

Financing: No Financing Available

Occupancy: 100%

Year Build: 2015

 

Building Size: 45,000 SqFt

Lot Size: 4 Acre

No of Stories: 0

No of Parking: 0

Business Available for Sale: No

Is Net Lease Investment: No

Property On Ground Lease: No

Building Status: Existing

 Details

Offer to Millionaire Club: No

Listing Summary: We are pleased to present the single-tenant B&B Theatres located at 100 Wentzville Bluffs Drive in Wentzville, Missouri. Consisting of approximately 45,000 rentable square feet, the subject property was built in 2015 and is situated on a 4.47 acre lot (194,604 square feet).

Acquisition Option Selected: Traditional Purchase

Cap Rate (%): 0

Commission Split (%): 0

Complete Details


Year Build: 2015

Building Size: 45,000 SqFt.

No of Stories: 0

Total Lot Area: 4.47 Acre

No of Parking: 0

No of Total Units: 0

Property Current Status: Normal Sale

Building Status: Existing

Heating and Cooling: Not Specified

Building Class: A

Property on Ground Lease?: No

Net Lease Investment?: No

Business Price Included?: No

Roofing: Not Specified

Occupancy: 100%

Full Description


We are pleased to present the single-tenant B&B Theatres located at 100 Wentzville Bluffs Drive in Wentzville, Missouri. Consisting of approximately 45,000 rentable square feet, the subject property was built in 2015 and is situated on a 4.47 acre lot (194,604 square feet). The offering is a sale lease back structure for twenty-five (25) years with fixed increases every five (5) years at five (5) percent. The tenant has 5 options of 5 years each to extend their lease. Each option period has a fixed increase amount. The building is located along the major thoroughfare; Interstate Drive and has great street visibility from Interstate 70. The subject is within close proximity to the 70 and 64 Freeways, and Highway Z. Wentzville Bluffs is a new development for entertainment and dining with retailers including: Planet Fitness, Hampton Inn, Hot Shots, 6 North Cafe, U-Gas, and B & B Theatres. Discussions of a potential steak house, family-style restaurant and strip retail are underway. This investment is an excellent opportunity for an investor to take advantage of the current income stream and ideal location of this asset.

Additional Properties


Property Highlights
  • National recognized tenant
  • Brand new construction
  • Long term lease
  • Fixed rental increases
  • Part of larger new development, Wentzville Bluffs
  • One of the fastest growing cities in the St. Louis metro area
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