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2724 Watson Rd St Louis, MO

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For Sale
$2,317,241

Restaurant property with a 20-year lease and annual rental increases.

Property size:
1,600 SF
Lot size:
0.37 Acres

Property Features for 2724 Watson Rd St

General Information

Size
1,600 SF
Lot size
0.37 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Restaurant Property with Long-Term Lease

This property is suitable for conventional restaurants, retail, and specialty purposes. It features a 20-year Absolute Triple-Net (NNN) lease, providing investors with a consistent revenue stream. The lease includes a 1% annual increase on rent, starting at $168,000 per year and rising to $202,962, reflecting a 20.7% increase over the lease term. The property is leased to Crazy Bowls and Wraps, a rapidly expanding fast-casual dining brand known for its innovative and health-conscious menu. The lease is further secured by a corporate guarantor, providing additional financial stability. The zero landlord responsibility lease eliminates the complexities and costs associated with property management, offering long-term investors peace of mind and financial stability. The property size is 1,600 square feet and is located at 2724 Watson Rd, St. Louis, MO.
Location Intelligence

Current Use by Public Records

Conventional restaurants

Map

City
Louis
County
St. Louis
State
Missouri
Longitude
-90.1928216
Latitude
38.6305392

FAQs

What type of property is this?
Conventional restaurant - Restaurant property with a 20-year lease and annual rental increases.
Where is this conventional restaurant located?
The property is located at 2724 Watson Rd St Louis, MO.
What is the asking price?
The asking price for this property is $2,317,241.
What are key features of this property?
This property features: - Long-Term 20-Year Absolute Triple-Net (NNN) Lease: Provides unparalleled stability.; - Zero Landlord Responsibility: Eliminates property management complexities.; - Annual Rental Increases: Features a 1% annual increase on rent, ensuring steady growth.
More about this property
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