11035 Bellefontaine Rd StSt. Louis, MO 63138

This exceptional investment opportunity presents a 4,197 square foot Steak 'n Shake restaurant located at 11035 Bellefontaine Rd, St. Louis, MO 63138. Situated on a 2.07-acre lot, this single-story building boasts a prime location with convenient access to I-270 and proximity to Lambert-St. Louis International Airport (5 miles). The property benefits from high visibility on Bellefontaine Road, adjacent to a Schnucks grocery store and other national fast-food chains. The restaurant features a drive-thru and ample parking (90 spaces). Currently operating under a corporate guarantee lease with Steak 'n Shake, the lease expires May 31, 2028, with two five-year renewal options at $81,313.75 and $87,708.69 annually. The property offers a strong 7.54% cap rate based on a Net Operating Income (NOI) of $75,425. Built in 1973, the restaurant has maintained 100% occupancy since December 13, 2023. The asking price is $1,000,000, translating to $238.27 per square foot. This is a rare opportunity to acquire a well-established, high-performing restaurant property with significant upside potential. The property's strong tenant, prime location, and attractive financial metrics make it an ideal addition to any investment portfolio.