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31224192
31224191

2724 Watson Rd, St. Louis, MO 63139

JK
MO MO 2019001177
Klamen Commercial Advisors
Listed by Klamen Commercial Advisors
$2,285,000
177 days on market
Updated 70 days ago

Crazy Bowls and Wraps | Absolute NNN

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 1,600
Cap Rate 7.5%
NOI $171,377
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/31/2044
Remaining Term 17.8
Rent Bumps Yes
Lease Options Four 5-Year Options
Price per SqFt $1,428
Broker Co-Op Yes
Year Built 2023
Buildings 1
Stories 1
Acreage 0.360
Investment Type Net Lease
Lease Commencement 04/01/2024

Absolute NNN | Crazy Bowls & Wraps | Drive-Thru Location

Marketing description

KLAMEN COMMERCIAL ADVISORS is pleased to Introduce a prime investment opportunity located at the intersection of Hampton Avenue and Watson Road in St. Louis, Missouri. The asset is on a long term 20-year lease with Crazy Bowls and Wraps including a corporate guaranty from CBW Restaurant Holdings, LLC.

Recently constructed in 2023, the building offers modern design, efficient layout, and minimal near-term CapEx obligations. In addition, the building features a modern, fully operational drive-thru which adds significant revenue potential and strengthens long-term tenant performance.

The corridor features national retailers that generate consistent customer flow, including Walmart, Target, Chick-fil-A, Raising Cane’s, Home Depot, and numerous other national fast-casual and service operators. A proven, high-traffic trade area.

Contact For More Information:

Jake Klamen

(314) 680-9919

Jake@Klamencommercial.com

Investment highlights

PRIME ST. LOUIS INFILL LOCATION

Located at the high-profile signalized intersection of Watson Road & Hampton Avenue, the site benefits from combined traffic counts exceeding 44,000 vehicles per day. Dense, affluent demographics include 141,000 residents within 3 miles and 373,000 residents within 5 miles, supporting strong long-term sales performance.

LONG-TERM, BRAND-NEW 20-YEAR LEASE

The tenant executed a new 20-year lease in April 2024, providing approximately 18.4 years of remaining term. This long-duration lease offers exceptional cash-flow durability and significantly reduces re-tenanting risk for passive investors.

ABSOLUTE NNN – ZERO LANDLORD RESPONSIBILITIES

The lease is absolute triple-net, requiring the tenant to handle all expenses, including roof, structure, parking lot, taxes, insurance, repairs, and maintenance. Truly hands-o ownership.

ESTABLISHED MULTI-UNIT OPERATOR WITH CORPORATE GUARANTY

CBW Restaurant Holdings operates 19+ Crazy Bowls & Wraps locations and provides a corporate guarantee. Crazy Bowls & Wraps has been a St. Louis healthy fast-casual staple since 1994 and remains one of the region’s most recognizable local brands.

NEWER 2023 CONSTRUCTION AND DRIVE-THRU

Recently constructed in 2023, the building offers modern design, efficient layout, and minimal near-term CapEx obligations. In addition, the building features a modern, fully operational drive-thru which adds significant revenue potential and strengthens long-term tenant performance.

EXCEPTIONAL SURROUNDING RETAIL & DAILY TRAFFIC DRIVERS

The corridor features national retailers that generate consistent customer flow, including Walmart, Target, Chick-fil-A, Raising Cane’s, Home Depot, and numerous other national fast-casual and service operators. A proven, high-trac trade area

Listing Contacts

JK
MO MO 2019001177
Klamen Commercial Advisors
Listed by Klamen Commercial Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$171,377.00
$14,281.42/mo

Valuation Metrics

0
DSCR
7.5%
Cap Rate
7.5%
ROI

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Additional Information

Name
Jake Klamen
License
MO 2019001177
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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