Starbucks
Saint Charles, MO
Key Details
| Price: | $2,992,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $187,000 |
| Address: | 1992 Zumbehl Road, Saint Charles, Missouri 63303 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 11 Years |
|---|---|
| Lease Commencement: | 9/22/2024 |
| Lease Expiration: | 9/21/2035 |
| Lease Term Remaining: | 10.8 Years |
| Rental Increases: | Variable |
| Lot Size: | 0.74 Acres |
| Building Size: | 1,689 SF |
| Year Built: | 2024 |
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.
About the Investment
- 11 Years of Original Lease Term Remaining and 4 (Four), 5-Year Renewal Options
- Estimated Opening September 2024
- Starbucks Corporation (S&P Rating: BBB+)
About the Location
- Roughly 150,000 individuals living within a 5-mile radius with an average household income of more than $100,000
- Walmart Supercenter, Lowe’s, Sam’s Club, Aldi, Dollar Tree, Save a Lot, PetSmart, Michaels, Bob Evans, Family Dollar, Taco Bell, Panera, Chick-Fil-A, Popeyes, Applebee’s, Panda Express, Little Caesars, Hardee’s, and many more
- Zumbehl Road (VPD: 20,250) and Interstate-70 (VPD: 153,000)
Key Details
| Price: | $2,992,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $187,000 |
| Address: | 1992 Zumbehl Road, Saint Charles, Missouri 63303 |
| Property Type: | Retail |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 11 Years |
|---|---|
| Lease Commencement: | 9/22/2024 |
| Lease Expiration: | 9/21/2035 |
| Lease Term Remaining: | 10.8 Years |
| Rental Increases: | Variable |
| Lot Size: | 0.74 Acres |
| Building Size: | 1,689 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Kyle Karsian
kkarsian@nnnpro.com
License: NY: 10401321452
Davis Ford
dford@nnnpro.com
License: NY: 10401379279
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.