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Freddy’s Frozen Custard & Steakburgers 180 Old Route 66

3,482 SF Retail Building Saint Robert, MO 65584 $2,350,000 ($675/SF) 6.15% Cap Rate

Investment Highlights

  • Single-Tenant Drive-Thru Freddy’s Frozen Custard & Steakburgers: Absolute NNN lease; zero landlord responsibilities
  • Hwy Visibility & Accessibility: The property benefits from visibility from Interstate 44 as well as two points of ingress/egress along Old Route 66
  • Fort Leonard Wood is a leading employer and economic engine for the region (9,000+ civilian employees)
  • Drive-Thru and Restaurant: Approximately 65% of all business for quick-serve restaurants comes through the drive-thru
  • Saint Robert is a Gateway Community to Fort Leonard Wood, One of the Largest U.S. Army Installations

Executive Summary

Long-Term Absolute NNN Lease | Highway Visibility | Main Retail Trade Area Serving Fort Leonard Wood (80,000 Personnel/Yr)

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,482 SF
Building Class
B
Year Built
1986
Price
$2,350,000
Price Per SF
$675
Cap Rate
6.15%
NOI
$144,559
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
1.00 AC

Amenities

  • Freeway Visibility
  • Signage
  • Drive Thru

Nearby Major Retailers

Freddy's Frozen Custard & Steakburgers
Buffalo Wild Wings
Starbucks
Waffle House
Ruby Tuesday
Cracker Barrel Old Country Store
Rent-A-Center
Rent One Home Furnishings
Navy Federal Credit Union
U.S. Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10-8.0-28-002-002-001-001
Land Assessment
$36,000
Improvements Assessment
$109,101
Total Assessment
$145,101
  • Listing ID: 33512020

  • Date on Market: 10/14/2024

  • Last Updated:

  • Address: 180 Old Route 66, Saint Robert, MO 65584

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