2893 Veterans Memorial Pkwy, Saint Charles, MO 63303-3526

This exceptional investment opportunity presents a fee-simple ownership of a 5,159 square foot retail building in St. Charles, Missouri, situated within the St. Louis MSA. The property is currently 100% occupied by Consumer Cellular under a triple-net (NNN) lease with a corporate guarantee, offering significant passive income. The lease commenced July 23, 2023, and has a remaining term of 6.1 years, expiring January 1, 2031, with two 5-year renewal options. Rent increases of 10% are built in every five years. The property boasts a strong 6.50% cap rate and a net operating income (NOI) of $135,122. Built in 1993 and extensively renovated in 2023, the single-building property sits on a 1.19-acre lot and is strategically located as an outparcel to a shopping center anchored by Walmart Supercenter and Sam's Club, ensuring high visibility and traffic. The recent renovations included new windows, slab/foundation work, and a new unit heater. The property benefits from a roof warranty extending until 2028. Consumer Cellular, a rapidly growing national company with over four million subscribers, provides exceptional tenant stability. This prime location in the affluent St. Charles suburb, just 30 minutes from downtown St. Louis, offers a compelling investment opportunity with strong potential for long-term growth and returns. The average income within a 5-mile radius exceeds $100,000.