For Sale
$3,900,000

1580 Bryan Rd O'Fallon, MO 63366

High-yield, long-term net lease.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a 13,225-square-foot CVS Pharmacy situated on a 1.84-acre lot at 1580 Bryan Rd, O'Fallon, MO 63366, within the St. Louis MSA. The property boasts a strong location on a signalized hard-corner lot with excellent visibility and drive-thru access. The building, constructed in 2015, is currently operating under a 25-year ground lease (commencing September 15, 2015, and expiring September 14, 2040), with approximately 15.8 years remaining. The current annual net operating income (NOI) is $200,000, representing a 5.13% cap rate. The lease includes scheduled rent increases of 8% at each option period. This investment benefits from compelling demographics, including an affluent community with an average household income exceeding $121,800 within a three-mile radius. Further enhancing the property's value are new residential developments in the immediate area, featuring homes priced from $500,000 to over $1 million. This is a rare opportunity to acquire a high-performing, long-term net lease investment in a thriving market. The property offers significant upside potential due to the strong tenant, favorable lease terms, and robust surrounding demographics. The 100% occupancy rate further solidifies this investment's stability and attractiveness.

Property Details for 1580 Bryan Rd

Property type
Retail properties, Drug stores
Square Feet
13,225 SF
Year Built
2015
Lot Size (sq. ft)
80,150 SF

Location Insight

City
O'Fallon
County
St. Charles
State
Missouri
Latitude
38.7738772
Longitude
-90.7367697

FAQs

What type of property is this?
Retail property - High-yield, long-term net lease.
Where is the retail property located?
The property is located at 1580 Bryan Rd O'Fallon, MO.
What is the asking price?
The asking price for this property is $3,900,000.
How can I contact the broker?
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1580 Bryan Rd
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