5620 TELEGRAPH RD Oakville MO 63129-4243

This unique freestanding Drive-Thru Starbucks consists of a 1,078sf class "A" construction building situated on a +/- 0.51 acre parcel of land at the high visibility corner of Telegraph Rd. & Tanzberger Drive in St. Louis. MO. The property is located on a dense corridor, conveniently located between two grocery anchored shopping centers tenanted by St. Louis' two most prominent grocers (Schnucks & Dierbergs). A new Wendy's Restaurant is under construction adjacent to this exciting new Starbucks. Average daily traffic counts are excellent with more than 45,500 vehicles passing by the store each day. There are several unique features separating this Starbucks from the many Starbucks currently on the market. Starbucks has a new 10-year NNN lease with (4) 5-year renewal options and 7.5% rental increases during the initial term and options. Starbucks bears responsibility for the maintenance and replacement of the roof, the parking lot, HVAC and they pay taxes and insurance directly. Additionally, through a MONTHLY percentage rent of 1%, Landlord receives an additional source of income and a rare, ongoing look at the annual store sales generated by Starbucks. Starbucks is on pace to do over $3m in gross sales in its first full year in service. 2024 YTD Sales (January - August) have totaled $1,799,600. This feature provides key leverage to a Landlord during any future negotiations with the tenant. Lastly, demographics are outstanding with a 1-mile population of over 10,000 and AHI's over $130,000 within same.