The Boulder Group completed the sale of a single-tenant Taco Bell at 12420 Saint Charles Rock Road in Bridgeton, Missouri, for $1.81 million.
The 3,140-square-foot Taco Bell is positioned along St Charles Rock Road, a primary thoroughfare. The Taco Bell property is an outparcel to Best Buy and Office Max. Tenants making up the retail corridor include Target, ALDI, Kohl’s, Walmart Supercenter, Hobby Lobby, Floor & Décor, Chick-Fil-A, Starbucks and many more that create the dominant retail strip.
The property also shares access to St Charles Rock Road with SSM Health Hospital – St. Louis, a 487-bed healthcare facility. There are 316,452 people living within seven miles of the property earning an average annual income of $83,715. The property is also less than a quarter mile from the Interstate-270 interchange (140,700 VPD) and two miles from St Louis Lambert International Airport.
Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction who was a Midwest-based private real estate investor. The buyer was in a 1031-exchange and based in Texas.
The property features a 10-year lease extension. The tenant, K-MAC Enterprises, is a leading operator of Taco Bell restaurants, with more than 140 locations.
