Wesley Roger's Steak and Buffet 3601 Jeffco Blvd 7,857 SF Retail Building Arnold, MO 63010 $2,922,566 ($371.97/SF) 8% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Wesley Roger’s Steak and Buffet located within the St. Louis MSA in Arnold, Missouri. The property has operated successfully as a restaurant since 1988 and is leased through December 2031. The absolute triple net lease carries zero landlord responsibilities and features 2% annual rental escalations throughout the primary term (next bump Nov 2026), along with two five-year renewal options. The lease is further backed by a personal guaranty from the operator.
The 7,857 square-foot property is situated on a 2.2-acre parcel at a signalized hard corner along Jeffco Boulevard (17,000 VPD) and Richardson Road (26,000 VPD), with immediate access to Interstate 55 (62,000 VPD). The site is surrounded by national retailers including Target, The Home Depot, Goodwill, Schnucks, Walgreens, McDonald’s, Culver’s, Dollar Tree, and several others. The property is also just minutes from The National Geospatial-Intelligence Agency (NGA) Arnold Campus, a federal facility employing over 900 workers, and stands to benefit from a $75 million municipal infrastructure investment. The project will get a new arterial road that will directly enhance access to the Jeffco Boulevard retail corridor and underscores the municipality’s long-term commitment to this trade area. There are more than 92,000 residents and 36,000 households located within a five-mile radius, where the average household income exceeds $128,000.
Wesley Rogers Steak and Buffet is an independent restaurant that has served the Arnold, Missouri community since 1988, originally operating under the Ponderosa Steakhouse franchise for over 30 years before rebranding under its current identity in 2020. The restaurant offers a buffet format with a full a la carte menu including steaks and seafood, operating seven days per week with approximately 45 employees. The current operator, Justin Price, acquired the business in October 2021 and has continued the restaurant’s community-focused mission; the lease is personally guaranteed in full by Justin Price and Laura Price on a joint and several basis.