180 Old Rte 66 Saint Robert, MO 65584

Property Details for 180 Old Rte 66

Year built

1986

Lot size

1.00 lot acres

Property size

3,544 SF

Property type

Drive through restaurants

APN

10-8.0-28-002-002-001.001

APU

108028002002001001

Description

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.

Location Insight

City

Saint Robert

County

Pulaski

State

Missouri

Longitude

-92.1463

Latitude

37.8221

CBSA code

22780

CBSA name

FORT LEONARD WOOD, MO MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments