1992 Zumbehl Rd Saint Charles, MO 63303-2700
- Drive through restaurants
- 2,048 SF
- 0.74 lot acres
Mar 30, 2023
Current Use by Public Records
- Drive through restaurants
Property Details for 1992 Zumbehl Rd
- Year built
- 1987
- Lot size
- 0.74 lot acres
- Property size
- 2,048 SF
- Property type
- Drive through restaurants
- APN
- 6-010C-6154-00-0005.0000000
- APU
- 6010C61540000050000000
Description
This exceptional investment opportunity presents a fee-simple ownership of a brand-new Starbucks located at 1992 Zumbehl Rd, Saint Charles, MO 63303. The property boasts 1,689 square feet on a 0.74-acre lot and is subject to a strong 11-year net lease with Starbucks Corporation (S&P rating: BBB+), commencing September 21, 2024, and expiring September 20, 2035. The lease includes four 5-year renewal options. The current annual net operating income (NOI) is $187,000, representing a 6.25% cap rate on the $2,992,000 asking price. The lease features scheduled rent increases of 8% in year six and option one, and 7.5% increases in each subsequent option. Built in 2024, this property offers a secure, long-term investment in a highly visible location within the thriving Saint Charles market. The price per square foot is $1,771.46. This is a rare opportunity to acquire a fee-simple interest in a newly constructed, corporate-guaranteed Starbucks with significant upside potential. The property is classified as Quick Service Restaurant (QSR) retail.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,370,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,047,000
- AI Estimate
- $1,047,000
Market price range: $261k - $1.07MMarket price range: $261k - $1.07M
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Location Insight
- Map
- Local Demand
- City
- Saint Charles
- County
- St. Charles
- State
- Missouri
- Longitude
- -90.5318
- Latitude
- 38.7817
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA