982 Old Bryan RdO'Fallon, MO 63366

  • Commercial land
  • 1.00 AC
For Sale
$2,820,000 View listing

Property Details for 982 Old Bryan Rd

Lot size
1.00 AC
Property type
Commercial land
APN
2-0057-D433-00-0002.0000000
APU
20057D4330000020000000

Description

This exceptional investment opportunity presents a brand-new, single-tenant Dutch Bros. drive-thru coffee shop in O'Fallon, Missouri. Located on a one-acre lot at 982 Old Bryan Rd (63366), this 950 square foot building boasts a 20-year absolute NNN corporate lease with Dutch Bros. (NYSE: BROS), commencing February 15, 2025, and expiring February 28, 2045. The lease includes three 5-year renewal options, each with a 10% rent increase. The property benefits from a strong location on a major thoroughfare with high daily traffic counts (23,840 CPD), surrounded by complementary businesses including a McDonald's, Heartland Dental, and Dobbs Tire & Auto, and adjacent to a new luxury villa subdivision and a proposed large sportsplex. The property's proximity to Fort Zumwalt West High School (1,900+ students) ensures a consistent customer base. With a current Net Operating Income (NOI) of $155,000 and an asking price of $2,820,000, this represents a compelling 5.50% cap rate. This passive investment offers significant upside potential given Dutch Bros.' impressive growth trajectory (30.7% year-over-year revenue growth in 2023 and plans for 4,000 stores in the next 10-15 years). The property's strong location, long-term lease, and established tenant make this an attractive addition to any portfolio. The property's APN is 2-0057-D433-00-0002.0000000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,537,420
    Hospitality
    $24,308,134
    Educational
    $20,224,082
    Medical
    $20,919,620
    Retail
    $31,459,684

Location Insight

City
O Fallon
County
St. Charles
State
Missouri
CBSA code
41180
CBSA name
ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
0
-
-
-
$146,553
-
$457,979
-
$457,979

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