180 Old Rte 66 Saint Robert, MO 65584

This exceptional investment opportunity presents a 3,482 square foot Freddy's Frozen Custard & Steakburgers located at 180 Old Rte 66, Saint Robert, MO 65584. The property boasts a highly desirable Absolute NNN lease with 12+ years remaining, providing zero landlord responsibilities. The lease commenced December 5, 2016, and expires December 5, 2036, with built-in rent bumps of 8% every five years (the next increase is scheduled for December 2026). The tenant, Freddy's, has demonstrated a strong commitment to the location with a recent lease renewal and an eight-year operating history. Situated on one acre of land, this property benefits from exceptional highway visibility and accessibility, with convenient ingress/egress points along Old Route 66 and visibility from Interstate 44. The location is strategically positioned within the primary retail trade area serving Fort Leonard Wood, a major U.S. Army installation employing over 9,000 civilians and training 80,000-90,000 military personnel and civilians annually. The property features a drive-thru, a key component for quick-serve restaurants, and underwent parking lot renovations in 2024. The asking price is $2,350,000, representing a 6.15% cap rate and a current NOI of $144,559. The property was built in 1986 and renovated in 2017. Three additional five-year lease options exist, each with a 10% rent increase. This is a compelling investment opportunity in a high-growth franchise within a strong, stable market.