Freddy’s Frozen Custard & Steakburgers | 180 Old Route 66
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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
PROPERTY TAXES
Parcel Number | 10-8.0-28-002-002-001-001 | Improvements Assessment | $109,101 |
Land Assessment | $36,000 | Total Assessment | $145,101 |
PROPERTY TAXES
Parcel Number
10-8.0-28-002-002-001-001
Land Assessment
$36,000
Improvements Assessment
$109,101
Total Assessment
$145,101
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Freddy’s Frozen Custard & Steakburgers | 180 Old Route 66
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