1992 Zumbehl Rd - Fast Food FOR SALE


Saint Charles, MO 63303
$2,992,000 USD
332-345-4222
1992 Zumbehl Rd, Saint Charles, MO for Sale
$2,992,000 USD
Fast Food - FOR SALE
1/2
null | 6.25% Cap Rate

1992 Zumbehl Rd
Saint Charles, MO 63303


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,992,000 USD

PRICE/SF

$1,771 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.74 AC

LAND SF

32,234 SF

ZONING

C-2

APN/PARCEL ID

6-010C-6154-00-0005.0000000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.