Crazy Bowls & Wraps
St. Louis, MO
Key Details
Price: | $1,417,960 |
---|---|
Cap Rate: | 7.50% |
Annual Rent: | $106,347 |
Address: | 3852 Lindell Boulevard, St. Louis, Missouri 63108 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 4/1/2024 |
Lease Expiration: | 4/1/2044 |
Lease Term Remaining: | 19.3 Years |
Rental Increases: | 1.00% Annually |
Lot Size: | 0.18 Acres |
Building Size: | 2,100 SF |
Year Built: | 1961 |
NNN Pro is pleased to present the exclusive listing for a Crazy Bowls & Wraps located at 3852 Lindell Boulevard, St. Louis, Missouri 63108. The site consists of roughly 2100 rentable square feet of building space on an estimated 0.18-acre parcel of land. This Crazy Bowls & Wraps is subject to a 20-year Triple Net (NNN) lease, which commenced 4/1/2024. The current annual rent is $106,347 and has scheduled increases of 1.00% Annually.
About the Investment
- Annual Rental Increases | This subject property offers a highly attractive 1% annual increase on rent, ensuring a steady and predictable growth in rental income over the course of a 20-year lease. Starting at $106,347 per year, this incrementally adjusted lease will see rental income rise to $128,479, reflecting a substantial 20.8% increase. This gradual escalation not only provides a reliable revenue stream but also helps mitigate the impact of inflation and rising operational costs, making it an ideal investment for longterm financial stability and growth.
- Long-Term 20-Year Lease | This property is anchored by a robust 20-year Absolute Triple-Net (NNN) lease, offering investors peace of mind and a consistent revenue stream. This lease term offers investors unparalleled stability and predictable cash flow, ensuring consistent rental income for two decades. The long-term lease not only minimizes turnover risks and vacancy concerns but also enhances the property's overall value. With a 20-year lease in place, you benefit from a secure revenue stream, reduced administrative hassles, and increased investment stability.
- Growing Operator with a Strong Guarantor | Crazy Bowls and Wraps is a a rapidly expanding fastcasual dining brand. Known for its innovative and healthconscious menu, Crazy Bowls and Wraps is experiencing significant growth and increasing brand recognition. This investment is further secured by a robust corporate guarantor, providing additional financial stability and reliability. The combination of a thriving brand with strong corporate backing ensures a steady revenue stream and reduced risk.
- Zero Landlord Responsibility | The zero landlord responsibility lease is a major advantage for long-term investors, providing peace of mind and financial stability over the duration of the lease. By eliminating the complexities and costs associated with property management, investors can focus on enjoying the consistent returns from a well-managed asset, making it an excellent choice for those seeking a low-maintenance, long-term investment.
Key Details
Price: | $1,417,960 |
---|---|
Cap Rate: | 7.50% |
Annual Rent: | $106,347 |
Address: | 3852 Lindell Boulevard, St. Louis, Missouri 63108 |
Property Type: | Retail |
Lease Type: | Triple Net (NNN) |
Property Data
Original Lease Term: | 20 Years |
---|---|
Lease Commencement: | 4/1/2024 |
Lease Expiration: | 4/1/2044 |
Lease Term Remaining: | 19.3 Years |
Rental Increases: | 1.00% Annually |
Lot Size: | 0.18 Acres |
Building Size: | 2,100 SF |
Year Built: | 1961 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Patrick Finn
pfinn@nnnpro.com
License: NY: 10301222858
Broker of Record
Brian Brockman
Bang Realty-Missouri, Inc
License: 2017032771
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.