Starbucks 1992 Zumbehl Rd

Investment Highlights

Long Term NN Lease - 11 Years of Original Lease Term Remaining and 4 (Four), 5-Year Renewal Options Strong Corporate Guarantee - Starbucks Corporation (S&P Rating: BBB+) Brand New Construction! - Estimated Opening September 2024

Executive Summary

NNN Pro is pleased to present the Broker Opinion of Value for a Starbucks located at 1992 Zumbehl Rd in St. Charles, MO. The site consists of roughly 1,689 rentable square feet of building space on an estimated 0.74-acre parcel of land. This Starbucks is subject to a 11-year Double Net (NN) lease, which is estimated to commence 9/1/2024. The current annual rent is $187,000 and has scheduled increases of 8.00% in Year Six and Option 1, as well as 7.50% increases in each Option thereafter.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    1,689
• Building Class    C
• Year Built    2024
• Price    3,252,174
• Price Per SF    1,926
• Cap Rate    5.75
• NOI    187,000
• Percent Leased    100
• Building Height    1 Story
• Building FAR    0.05
• Land Acres    0.74 AC