1992 Zumbehl RdSaint Charles, MO 63303

This exceptional investment opportunity presents a fee-simple ownership of a brand-new Starbucks located at 1992 Zumbehl Rd, Saint Charles, MO 63303. The property boasts 1,689 square feet on a 0.74-acre lot and is subject to a strong 11-year net lease with Starbucks Corporation (S&P rating: BBB+), commencing September 21, 2024, and expiring September 20, 2035. The lease includes four 5-year renewal options. The current annual net operating income (NOI) is $187,000, representing a 6.25% cap rate on the $2,992,000 asking price. The lease features scheduled rent increases of 8% in year six and option one, and 7.5% increases in each subsequent option. Built in 2024, this property offers a secure, long-term investment in a highly visible location within the thriving Saint Charles market. The price per square foot is $1,771.46. This is a rare opportunity to acquire a fee-simple interest in a newly constructed, corporate-guaranteed Starbucks with significant upside potential. The property is classified as Quick Service Restaurant (QSR) retail.