2309 Highway 67Florissant, MO 63033

Property Details for 2309 Highway 67

Year built

1995

Lot size

1.60 AC

Property size (Sq ft)

5,740 SF

Property type

Retail properties

Property subtype

Restaurants

Description

This exceptional investment opportunity presents a single-tenant, 5,740 square foot Applebee's restaurant located in Florissant, Missouri. The property boasts a strong 7.55% cap rate and a substantial net operating income (NOI) of $305,901. Situated on a 1.6-acre lot at 2309 N Hwy 67, this location benefits from its position in a high-traffic retail corridor with over 28,000 cars daily. The property is an outparcel to a Target and is near other national retailers including ALDI, Michaels, Home Depot, and Walmart. This Applebee's consistently outperforms average systemwide sales, ranking in the top 90th percentile for all Applebee's locations. The absolute NNN lease has approximately 14 years remaining, providing passive income with zero landlord responsibilities. Built in 1995, this one-story building is part of the St. Louis MSA, offering proximity to St. Louis Lambert International Airport. The asking price is $4,055,000. This is a rare opportunity to acquire a high-performing, stabilized investment with a national tenant and a long-term lease.

Location Insight

City

Florissant

County

St. Louis

State

Missouri

Latitude

38.8035

Longitude

-90.3109

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