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
$2,168,355 CAD
Price Per SF
$4,252 CAD
Cap Rate
6%
NOI
$130,101 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.30 AC
Zoning
F
PROPERTY TAXES
| Parcel Number | 6190-00-0040-0 | Improvements Assessment | $57,712 CAD |
| Land Assessment | $63,875 CAD | Total Assessment | $121,587 CAD |
PROPERTY TAXES
Parcel Number
6190-00-0040-0
Land Assessment
$63,875 CAD
Improvements Assessment
$57,712 CAD
Total Assessment
$121,587 CAD
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