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 |