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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2724 Watson Rd St St. Louis, MO 63139

1,600 SF 0.64 ac lot Built 2023
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Year built 2023
Total area 1,600 SF
Lot 0.64 ac (27,878 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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