STREAM Negotiates $2.66M Sale of Property Net Leased to Hooters in Florissant, Missouri
CHICAGO, IL – September 28, 2018 – STREAM Capital Partners, LLC, a national net lease and sale leaseback advisory group, has negotiated the sale of a $2.66M single-tenant property net leased to Hooters in Florissant, Missouri, about 17 miles from St. Louis.
The 5,048 square-foot Corporate property is located at 2765 North US Hwy 67. The lease is structured as a NNN with less than 9 years remaining. Phil DiGennaro and Jordan Shtulman of STREAM Capital Partners represented the seller on the transaction.
“The long-term occupancy of the tenant, along with the strength of this retail corridor, were the driving factors pushing this deal to a close,” said DiGennaro.