Hilliker Corp. and Westwood Net Lease Advisors Sell Kirkwood Texas Roadhouse Property to California Trade Buyer for Top Dollar
Deal was brokered by Vince Vatterott and Jason Simon of Westwood Net Lease Advisors, and Hal Ball of Hilliker Corp.
St. Louis (May 16, 2022) – CCB, II, LLC, the seller, sold a commercial property for $4.1 million to VL Infinity Holdings, LLC, the buyer in a 1031 Exchange. The property, which has Texas Roadhouse as a tenant, is located at 1220 S. Lindbergh Rd. Kirkwood, MO 63122. The sale was brokered by Hal Ball, Hilliker Corporation, and Vince Vatterott and Jason Simon, Westwood Net Lease Advisors.
Prior to the property listing, the brokers worked with CCB, II, LLC to extend the lease renewal from a 5-year-term to a 10-year-term increasing the value of the asset. More than six offers were generated the first week when the property was on the market, and it sold within 90 days of its listing.
“The team of Hilliker Corporation and Westwood Net Lease Advisors did an amazing job to find the ideal buyer who paid well above our asking price,”said Debi Blanchard, Centerco Properties President and CEO, and seller of the property.
Westwood Net Lease Advisors, an affiliate of Hilliker Corporation, is the largest Triple Net and 1031 Exchange firm in St. Louis, and has closed 36 transactions in the first quarter of 2022 totaling $96 million dollars.
About Hilliker Corporation:
The Entrepreneur’s choice for commercial real estate services in the St. Louis region. Hilliker guides business owners through their needs at each stage of the business life cycle. Since 1985, Hilliker Corporation has brokered more than 10,000 transactions including sales and leases of industrial, office, institutional, retail and investment properties. To learn more, please call, (314) 781-0001.
