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Starbucks 1992 Zumbehl Rd

1,689 SF Retail Building Saint Charles, MO 63303 £2,379,513 (£1,409/SF) 6.25% Net Initial Yield

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
£2,379,513
Price Per SF
£1,409
Net Initial Yield
6.25%
NOI
£148,720
Tenancy
Single
Number of Floors
1
Building FAR
0.05
Lot Size
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
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1992 Zumbehl Rd, Saint Charles, MO - AERIAL map view

NEARBY MAJOR RETAILERS

Chase Bank
UMB Bank
9round Fitness
Bob Evans Restaurants
Applebee's
Rent-A-Center
Black Bear Diner
Busey Bank
Schnucks
Title Cash

PROPERTY TAXES

Parcel Number 6-010C-6154-00-0005.0000000 Improvements Assessment £0
Land Assessment £0 Total Assessment £170,666

PROPERTY TAXES

Parcel Number
6-010C-6154-00-0005.0000000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£170,666
(332) 345-4222

CONTACTS

  • Listing ID: 33625932

  • Date on Market: 24/10/2024

  • Last Updated:

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

The Retail Property at 1992 Zumbehl Rd, Saint Charles, MO 63303 is currently available for sale. Contact NNN Pro Group for more information.

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1992 Zumbehl Rd, Saint Charles, MO for sale Building Photo- Image 1 of 3
1992 Zumbehl Rd - Charles, MO - Main
1992 Zumbehl Rd, Saint Charles, MO for sale Aerial- Image 2 of 3
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Starbucks | 1992 Zumbehl Rd
(332) 345-4222 x

Starbucks | 1992 Zumbehl Rd

1/4

Glen Kunofsky

(332) 345-4222

(332) 345-4222

Matthew Anuszkiewicz

(914) 403-7574

(914) 403-7574

Kyle Karsian

(332) 345-4271

(332) 345-4271

Davis Ford

(332) 345-1035

(332) 345-1035

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