2892 State HwyO'Fallon, MO 63368

Property Details for 2892 State Hwy

Year built

2024

Lot size

1.04 AC

Property type

Retail properties

Description

This exceptional investment opportunity presents a newly constructed, 1,400 square foot Andy's Frozen Custard in O'Fallon, Missouri. The property boasts a 10-year absolute NNN ground lease with zero landlord responsibilities, ensuring a passive income stream. The tenant, Andy's Frozen Custard, a national leader in the frozen custard industry with over 150 locations, funded all improvements. Situated on a 1.04-acre lot at 2892 State Hwy K, this location benefits from high visibility on a major thoroughfare (41,000 cars per day) and proximity to numerous national retailers including Target, Kohl's, and Home Depot. The lease includes a 7.5% rent increase in year six and three 5-year options with 10% increases each. The property's strong location within the affluent St. Louis MSA, with a dense population and high average household income ($132,499 within a 3-mile radius), contributes to its significant investment potential. The asking price is $1,767,000, representing a 6.00% cap rate and a current NOI of $106,000. The property's APN is 2-0126-D318-00-0001.0000000. Built in 2024, this is a turnkey investment with a secure, long-term lease and significant upside potential. The property is less than 0.5 miles from Highway 364, providing easy access to downtown St. Louis.

Location Insight

City

O'Fallon

County

St. Charles

State

Missouri

Latitude

38.7616

Longitude

-90.6995

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