2892 State Hwy O'Fallon, MO 63368

This exceptional investment opportunity presents a newly constructed, 1,400 square foot Andy's Frozen Custard in O'Fallon, Missouri. The property boasts a 10-year absolute NNN ground lease with zero landlord responsibilities, ensuring a passive income stream. The tenant, Andy's Frozen Custard, a national leader in the frozen custard industry with over 150 locations, funded all improvements. Situated on a 1.04-acre lot at 2892 State Hwy K, this location benefits from high visibility on a major thoroughfare (41,000 cars per day) and proximity to numerous national retailers including Target, Kohl's, and Home Depot. The lease includes a 7.5% rent increase in year six and three 5-year options with 10% increases each. The property's strong location within the affluent St. Louis MSA, with a dense population and high average household income ($132,499 within a 3-mile radius), contributes to its significant investment potential. The asking price is $1,767,000, representing a 6.00% cap rate and a current NOI of $106,000. The property's APN is 2-0126-D318-00-0001.0000000. Built in 2024, this is a turnkey investment with a secure, long-term lease and significant upside potential. The property is less than 0.5 miles from Highway 364, providing easy access to downtown St. Louis.