Confidentiality Agreement

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Starbucks

15548 Olive Blvd, Chesterfield, MO, 63017
For Sale

Property Details

  • Price: $3,060,000
  • Property Type: Retail
  • Availability: Available
  • Transaction Type: For Sale
  • Cap Rate: 6.00%
  • Lot Size: 1.13 AC
  • Lease Type: Single Tenant NNN
  • Year Built: 2023
  • Parking: 27
  • Tenancy: Single Tenant
  • Available SF: 2,030 SF

Property Description

SECURE INCOME

• Brand New 10-Yr. Lease, Rare Tenant-Maintained Parcel, Landlord Only Responsible for Roof and Structure
• Brand New Roof with 20-Yr. Manufacturer’s Warranty
• Corporate Guaranteed Lease (NASDAQ: SBUX), $32.3 Billion Net Revenue in 2022, a 10.98% Increase Over 2021
• Investment Grade Credit Rated Tenant (S&P: BBB+)
• Starbucks Plans to Open 2,000 New Stores Between 2023-2025
• High-Barrier to Entry Market, Drive-Thru Permits No Longer Issued in Chesterfield

PROXIMITY

• 114,315 Residents in Primary Trade Area with an Average Household Income of $183,158
• Excellent Access and Visibility to 210,847 VPD
• Significant Daytime Population of 142,196, Chesterfield is One of the Most Sought-After Office Markets in St. Louis
• Adjacent to $2.5 Billion Worth of Approved Developments
• Wildhorse Village is a $500 Million 80-Acre Mixed Use Project with 1M SF of Commercial Space and 635 Residential Units
• Downtown Chesterfield is a $2 Billion Mixed Use Project that will Include 2,500 Apartments and Thousands of Square-Feet of Commercial Space
• 3,084 Business in Chesterfield, Major Employers Include Mercy Hospital, Parkway School District, Monsanto, Delmar Gardens and Reinsurance Group of America
• 3 Miles to Maryville University with 10,000 Students and 1,602 Employees
• Minutes to Mercy Hospital, a 859-Bed Facility with 6,500 Employees and Over 730,000 Annual Visits
• Just Off I-64 with 139,000 VPD, 20 Miles to Downtown St. Louis

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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