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30956787
30956788

1571 Bryan Rd, Dardenne Prairie, MO 63366

MZ
MO 2024015589, KY License No. 273791 (+1)
SRS Louisville
JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Louisville, SRS Real Estate Partners Newport Beach
$3,283,000
83 days on market
Updated 27 days ago

Circle K

Details
APN 4-0033-D503-00-0004.0000000
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 5,200
Cap Rate 5.3%
NOI $174,000
Occupancy 100%
Tenancy Single
Brand/Tenant Circle K
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 12/01/2040
Remaining Term 14.5
Rent Bumps Yes
Lease Options 5 (5-Year)
Price per SqFt $631
Year Built 2025
Acreage 1.720
Zoning C3 - PUD (Commercial)
Parking Spaces 28 spaces
Parking Per SqFt 5.38
Tenant Credit Corporate Guarantee
Lease Commencement 12/01/2025
Ground Lease Yes
Ownership Leased Fee (Land Only)

Retail | 5.30% CAP | 5,200 SqFt

Marketing description

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, new construction, corporate guaranteed, Circle K investment property located in Dardenne Prairie, Missouri (St. Louis MSA). The tenant recently signed a brand new 15 year lease with 5 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Circle K is a global leader in the convenience and mobility sector, operated by Alimentation Couche-Tard (TSX: ATD), which maintains a global footprint of approximately 17,300 stores across 29 countries. The subject property features a modern prototype design with six fuel pumps and twelve fueling stations.

Investment highlights

  • Brand New 15-Year Lease | 2025 Construction | Corporate Guaranty

  • Absolute NNN | Leased Fee Ownership | Zero Landlord Responsibilities

  • Signalized, Hard Corner Intersection | Prairie Encore Development

  • Strong Demographics In 5-Mile Radius | Affluent St. Louis Suburb

Listing Contacts

MZ
MO 2024015589, KY License No. 273791 (+1)
SRS Louisville
JP
CA CA 02090490
SRS Real Estate Partners Newport Beach
MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
Listed by SRS Louisville, SRS Real Estate Partners Newport Beach

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$174,000.00
$14,500.00/mo

Valuation Metrics

0
DSCR
5.3%
Cap Rate
5.3%
ROI

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Additional Information

Name
Morgan Zant
License
MO License No. 2024015589
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
Name
Morgan Zant
License
2024015589
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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