2724 Watson Rd St St. Louis, MO 63139
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.