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Starbucks 1992 Zumbehl Rd

1,689 SF Retail Building Saint Charles, MO 63303 $2,992,000 ($1,771/SF) 6.25% Cap Rate

Investment Highlights

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

Executive Summary

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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,689 SF
Building Class
C
Year Built
2024
Price
$2,992,000
Price Per SF
$1,771
Cap Rate
6.25%
NOI
$187,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
0.74 AC
Zoning
C-2 - General Business
Parking
32 Spaces (18.95 Spaces per 1,000 SF Leased)
Frontage
166 FT on Zumbehl Road

Nearby Major Retailers

Chase Bank
UMB Bank
9round Fitness
Bob Evans Restaurants
Applebee's
Aldi
Black Bear Diner
Busey Bank
Schnucks
Title Cash

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
6-010C-6154-00-0005.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$214,596
  • Listing ID: 33625932

  • Date on Market: 10/24/2024

  • Last Updated:

  • Address: 1992 Zumbehl Rd, Saint Charles, MO 63303

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