6536 Chippewa St | Saint Louis, MO 63109
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6536 Chippewa St
Saint Louis, MO 63109
Retail Property For Sale
Investment Highlights
- 15-Year Absolute NNN Ground Lease
- Experienced Operator
- Excellent Access & Visibility
- 10% Rental Escalations Every 5 Years
- Low Rent
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase the ground lease interest in a brand new 7 Brew Coffee (“7 Brew”) located in St. Louis, MO (“The Property”). The Property consists of a 510-square-foot freestanding retail building on a 0.38-acre parcel of land. The Property is brand new 2024 construction and features 7 Brew’s latest modular, prefabricated 510-square-foot prototype featuring a double lane drive-thru. 7 Brew is operating under a brand new fifteen (15) year absolute NNN ground lease with zero landlord responsibilities. Additionally, the lease features 10% rental increases every five (5) years providing investors with a hedge against inflation. See Lease Abstract for full details.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
510 SF
Building Class
C
Year Built
2024
Price
£1,193,280
Price Per SF
£2,340
Net Initial Yield
6%
NOI
£71,597
Tenancy
Single
Number of Floors
1
Building FAR
0.04
Lot Size
0.30 AC
Zoning
F
PROPERTY TAXES
| Parcel Number | 6190-00-0040-0 | Improvements Assessment | £32,775 |
| Land Assessment | £36,276 | Total Assessment | £69,051 |
PROPERTY TAXES
Parcel Number
6190-00-0040-0
Land Assessment
£36,276
Improvements Assessment
£32,775
Total Assessment
£69,051
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