5600 Grand Blvd StSt. Louis, MO 63111

Property Details for 5600 Grand Blvd St

Year built

2011

Lot size

0.23 AC

Property size (Sq ft)

2,750 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple ownership of a 2,750-square-foot Jack in the Box restaurant located at 5600 S Grand Blvd, St. Louis, MO 63111. The property boasts a 6.65% cap rate and a strong net operating income (NOI) of $117,295. The absolute NNN lease, with a corporate guarantee from Jack in the Box, ensures minimal landlord responsibilities. The lease commenced September 24, 2024, and has a remaining term of approximately 4.8 years, with two five-year renewal options. Rent increases are capped at a maximum of 10% annually based on the CPI. The property sits on a 0.23-acre lot and was built in 2011. The tenant recently exercised a second five-year option, demonstrating a significant commitment to the location. This 24-hour restaurant benefits from its strategic position within the St. Louis metropolitan area, a vibrant market with a population exceeding 2.8 million and home to numerous Fortune 500 companies. The property is surrounded by numerous apartment complexes and new residential developments, ensuring a consistent customer base. Furthermore, its proximity to major universities, including Washington University, Saint Louis University, and St. Louis Community College, provides a substantial student population. The property underwent a complete remodel in 2015. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a prime location. The asking price is $1,763,834, translating to a price per square foot of $641.39.

Location Insight

City

St. Louis

County

State

Missouri

Latitude

38.5683

Longitude

-90.2543

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