2724 Watson Rd St St. Louis, MO 63139
- Retail properties
- 1,600 SF
- 0.64 lot acres
Current Use by Public Records
- Retail properties
Property Details for 2724 Watson Rd St
- Year built
- 2023
- Lot size
- 0.64 lot acres
- Property size
- 1,600 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a 1,600 square foot Crazy Bowls & Wraps restaurant in St. Louis, MO. Located at 2724 Watson Rd, on a 0.64-acre lot, this property boasts a 20-year triple-net (NNN) lease commencing April 1, 2024, and expiring April 1, 2044, with a remaining term of approximately 19.4 years. The current annual net operating income (NOI) is $168,000, with a 1% annual rent increase built into the lease, projecting a substantial increase to $202,962 by lease expiration. The property features a 7.25% cap rate and is currently 100% occupied. The lease includes a corporate guarantee, minimizing risk for the investor. Built in 2023, this property offers a secure, long-term investment with minimal landlord responsibilities, making it an ideal addition to any portfolio seeking consistent, predictable income growth. The tenant, Crazy Bowls & Wraps, is a rapidly expanding fast-casual brand known for its innovative and health-conscious menu, further enhancing the investment's appeal. This NNN lease structure ensures the tenant is responsible for all property expenses, including taxes, insurance, and maintenance, providing investors with a truly passive income stream. The combination of a strong tenant, a long-term lease, and built-in rent increases makes this a compelling investment opportunity with significant long-term growth potential.
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
- -90.2886
- Latitude
- 38.6099
