15970 Manchester Rd Ellisville, MO 63011-2148

Property Details for 15970 Manchester Rd

Lot size

5.70 lot acres

Zone code

C

Property type

Automotive properties

APN

23T-4-2-118-8

APU

23T421188

Description

This exceptional investment opportunity presents a brand-new, 2,540 square foot Starbucks located in Ellisville, Missouri. The property boasts a 13-year NNN lease with a corporate guarantee from Starbucks (NASDAQ: SBUX), commencing January 6, 2025, and expiring January 5, 2038. The lease includes a 10% rent increase every five years, ensuring consistent income growth. Built in 2024, this single-tenant property features a 20-year roof warranty and is situated on a 1.12-acre lot with 29 parking spaces. The property benefits from excellent visibility and access, with 40,321 vehicles passing daily. It's strategically positioned as an outparcel to a new 227-unit apartment development, ensuring a strong customer base. The property's location within a thriving retail corridor, near major national retailers like Target, Schnucks, Home Depot, Lowe's, Aldi, and McDonald's, further enhances its investment appeal. The affluent trade area boasts an average household income of $172,255 and a strong daytime population of 118,420 within a 5-mile radius. The property offers a 6.00% cap rate and a net operating income (NOI) of $199,000. The asking price is $3,317,000. Lease options include one 2-year and four 5-year options. The property is fee simple ownership and is tenant-maintained, with the landlord responsible for the roof and structure. This is a rare opportunity to acquire a stabilized, high-performing investment property with a strong tenant and significant upside potential. The property is located at 15970 Manchester Rd, Ellisville, MO 63011, within 25 miles of downtown St. Louis.

Location Insight

City

Ellisville

County

St. Louis

State

Missouri

Longitude

-90.5895

Latitude

38.5902

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments