Starbucks | 1992 Zumbehl Rd
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Starbucks 1992 Zumbehl Rd
1,689 SF Retail Building Saint Charles, MO 63303 $4,202,803 CAD ($2,488 CAD/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
$4,202,803 CAD
Price Per SF
$2,488 CAD
Cap Rate
6.25%
NOI
$262,675 CAD
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
PROPERTY TAXES
Parcel Number | 6-010C-6154-00-0005.0000000 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $301,439 CAD |
PROPERTY TAXES
Parcel Number
6-010C-6154-00-0005.0000000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$301,439 CAD
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Starbucks | 1992 Zumbehl Rd
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