Drive-Through Restaurant
For Sale
$1,700,000
1365 Jungermann Rd, St Peters, MO 63376
Former restaurant with drive-through service, commercial zoning, dedicated parking, and a fully equipped kitchen.
Property Size3,328 SF
Lot Size1.13 Acres
Price / SF$510.82
Days on Market109
Property Features for 1365 Jungermann Rd
General Information
Standard status
Active
Size
3,328 SF
Total Parking Spaces
57
Lot size
1.13 Acres
Property subtype
Restaurant
Zoning
C-3
Lease Type
Absolute Net
Site & Location
Drive-Thru
Yes
Traffic Count
23,874 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Commercial Hood
Yes
Amenities
Ideal owner/user opportunity
Existing dining room fixtures and kitchen equipment are included in the sale
Current zoning is C-3 that allows for multiple commercial uses
Building Details
Building Size
3,328 SF
Year Built
1998
Year Renovated
2013
Buildings
1
Parking Ratio
10 per 1,000 SF
Listing Agency:
Palo Alto Office
(650) 391-1803
Listed By:
Steve Sauter · License #License(s): CA: 01084092
(650) 391-1803
Source:
Marcusmillichap
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 1:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Palo Alto Office
Investment Insights
Based on property information with market context.
This former Freddy’s Frozen Custard & Steakburgers restaurant includes approximately 3,328 square feet of building area on approximately 1.13 acres. Constructed in 1998 and remodeled in 2013, the property features a drive-through lane, large commercial kitchen, three hoods, walk-in refrigerator, walk-in freezer, dining room, and separate men’s and women’s restrooms. Available electrical service is 3 phase 800 amp, and the site provides 57 parking spaces.
The property fronts Jungermann Road near the signalized intersection of McClay and Jungermann Road. The retail corridor connects with I-70 and 364, also known as Page Extension Highway, and the site has a reported daily traffic count of 23,874 vehicles. Zoning is C-3, allowing multiple commercial uses. The property is located in Saint Peters, Missouri, within a city of 61,400 residents and a reported 93,032 residents within a 3-mile radius.
The property fronts Jungermann Road near the signalized intersection of McClay and Jungermann Road. The retail corridor connects with I-70 and 364, also known as Page Extension Highway, and the site has a reported daily traffic count of 23,874 vehicles. Zoning is C-3, allowing multiple commercial uses. The property is located in Saint Peters, Missouri, within a city of 61,400 residents and a reported 93,032 residents within a 3-mile radius.
Key Highlights
- Approximately 3,328 sq. ft. restaurant building on approximately 1.13 acres
- 57 on‑site parking spaces, or 10 per 1,000 sq. ft.
- Drive‑through lane with large kitchen and three hoods
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$60,641
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,820
$1.2M
Cap Rate 7%
$866,300
$866.3K
Cap Rate 9%
$673,789
$673.8K
Market Conditions
NOI Build-Up for 3,328 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$84.7K $25.44/SF
− Vacancy
−$3.8K −$1.14/SF
EGI
$80.9K $24.30/SF
− OpEx
−$20.2K −$6.07/SF
NOI
$60.6K $18.22/SF
Area
St. Charles County, MO
Vacancy
4.50%
Lease Rate
$25.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,212,820
Cap Rate 7%
$866,300
Cap Rate 9%
$673,789
Alternative Uses
Best Use
Specialty Retail
$866.3K
$758.0K – $1.01M
NOI $60,641 @ 7.0% cap · market cap 3.57%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$880.8K
$770.7K – $1.03M
NOI $61,655 @ 7.0% cap · market cap 3.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
23,874 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 65%
Shops & Services 27%
Dining 8%
Walmart Neighborhood Market
Groceries
32,429 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,307 visits/mo
0.1 miles
Phillips 66
Shops & Services
5,067 visits/mo
0.1 miles
Papa John's Pizza
Dining
2,322 visits/mo
0.0 miles
Happy Joe's
Dining
1,534 visits/mo
0.5 miles
Demographics for 63376, MO
76,064
Population
30,718
Households
2.5
Avg Household Size
41
Median Age
39%
College-Educated
96%
High-School Grad
40.1 sq mi
ZIP Area
1,897
Density / Sq Mi
$94,921
Median Household Income
$49,754
Median Earnings
$1,319
Median Rent
$255,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant with drive-through service, commercial zoning, dedicated parking, and a fully equipped kitchen.
Where is this conventional restaurant located?
The property is located at 1365 Jungermann Rd St Peters, MO.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Approximately 3,328 sq. ft. restaurant building on approximately 1.13 acres; 57 on‑site parking spaces, or 10 per 1,000 sq. ft.; Drive‑through lane with large kitchen and three hoods
