5600 Grand Blvd St St. Louis, MO 63111
- Retail properties
- 2,750 SF
- 0.23 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5600 Grand Blvd St
- Year built
- 2011
- Lot size
- 0.23 lot acres
- Property size
- 2,750 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple ownership of a 2,750-square-foot Jack in the Box restaurant located at 5600 S Grand Blvd, St. Louis, MO 63111. The property boasts a 6.65% cap rate and a strong net operating income (NOI) of $117,295. The absolute NNN lease, with a corporate guarantee from Jack in the Box, ensures minimal landlord responsibilities. The lease commenced September 24, 2024, and has a remaining term of approximately 4.8 years, with two five-year renewal options. Rent increases are capped at a maximum of 10% annually based on the CPI. The property sits on a 0.23-acre lot and was built in 2011. The tenant recently exercised a second five-year option, demonstrating a significant commitment to the location. This 24-hour restaurant benefits from its strategic position within the St. Louis metropolitan area, a vibrant market with a population exceeding 2.8 million and home to numerous Fortune 500 companies. The property is surrounded by numerous apartment complexes and new residential developments, ensuring a consistent customer base. Furthermore, its proximity to major universities, including Washington University, Saint Louis University, and St. Louis Community College, provides a substantial student population. The property underwent a complete remodel in 2015. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a prime location. The asking price is $1,763,834, translating to a price per square foot of $641.39.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2543
- Latitude
- 38.5683
