Starbucks | St. Charles 2205 1st Capitol Dr

2205 1st Capitol Dr , Saint Charles, Missouri, 63301 | 2,215 sq.f | $ 2,640,000

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About This Restaurant

Investment Highlights

Rare 12-Year Initial Lease Term; No Early Termination Clause | Single-Tenant Corporate Starbucks With Drive-Thru (S&P: BBB+) Top 10% Starbucks Location Nationally Across the Chain and Top 6% Starbucks in Missouri per Placer.ai High-Traffic Location Located Directly Off Interstate 70 (150,000+ CPD): Situated on the going-to-work side of 1st Capitol Drive with over 34,700 CPD 7.50% rental increase in year 7 and at the beginning of each option | New 2023 construction; store is open and paying rent Passive Investment with In-Place Management Company Limiting Landlord Responsibilities Affluent Population With Huge Growth - St. Charles County is the #1 Fastest Growing County in Missouri: Over $97,800 AHHI within in a 5-mile radius

Executive Summary

Rare 12-Year Lease | Top 10% Starbucks Nationally | New 2023 Construction

Property Details

  • Sale Type    Investment
  • Property Type    Retail
  • Property Subtype    Restaurant Restaurant General Retail Fast Food Restaurant
  • Building Size    2,215
  • Year Built    2023
  • Price    2,640,000
  • Price Per SF    1,192
  • Cap Rate    6.25
  • NOI    165,000
  • Tenancy    Single
  • Building Height    1 Story
  • Building FAR    0.06
  • Land Acres    0.87 AC

Nearby Amenities & Transportation

Retail Starbucks
Retail Ruler Foods
Retail Wingstop
Retail MOD Pizza
Retail Club Pilates
Retail U.S. Bank
Retail Regions Bank
Retail Steak ?n Shake
Retail Premier Martial Arts
Retail Commerce Bank of Missouri

Property Taxes

Parcel Number 6-009C-3138-00-0036.0000000 Improvements Assessment $0
Land Assessment $0 Total Assessment $116,872
Date Created: 2024-07-16 04:16:21 Last Updated: 2024-07-16 04:16:21
Address: 2205 1st Capitol Dr , Saint Charles, Missouri, 63301