15548 Olive BlvdChesterfield, MO 63017

Property Details for 15548 Olive Blvd

Year built

1997

Construction

WOOD

Lot size

1.13 AC

Property size (Sq ft)

2,152 SF

Zone code

105PC

Property type

Turn key restaurants

APN

18S-5-2-047-1

APU

18S520471

Description

This exceptional investment opportunity presents a brand-new, 2,030 square foot Starbucks located at 15548 Olive Blvd, Chesterfield, MO 63017. Boasting a 10.1-year NNN lease (9 years remaining) with a credit-rated corporate guarantor (S&P: BBB+), this property offers a secure, passive income stream. The lease includes rent bumps of 8% in year six and 10% in option years, ensuring future income growth. The property sits on a 1.13-acre lot with 27 parking spaces and benefits from excellent visibility and access just off Highway 64, experiencing 139,000 vehicles per day. Built in 2023, the building features a brand-new roof with a 20-year manufacturer's warranty. The property's strong financial performance is reflected in a 6.00% cap rate and a net operating income (NOI) of $183,624. The surrounding area is experiencing significant growth, with nearby developments totaling $2.5 billion, including the Wildhorse Village and Downtown Chesterfield projects. This prime location is served by a substantial daytime population and benefits from proximity to major employers, including Mercy Hospital, Parkway School District, and Maryville University. The asking price is $3,060,000, translating to $1,507.39 per square foot. Four 5-year lease options further enhance the long-term value of this investment. The property is fee simple ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $761,353

  6.5%

  $702,787

  7%

  $652,588

• Comparable approach

  Method

  Valuation

  Relative Method

  $422,780

  Geo Method

  $422,780

• Alternative Use

  Use

  Valuation

  Residential

  $592,827

  Hospitality

  $543,027

  Educational

  $451,792

  Medical

  $467,330

  Retail

  $702,787

Location Insight

City

Chesterfield

County

St. Louis

State

Missouri

Latitude

38.6558

Longitude

-90.5546

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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