Listed by ParaSell Inc, Hanley Investment Group
$1,636,000
Lee’s Famous Recipe Chicken | O'Fallon, MO
Details
Property Type Retail
Sub Type Restaurant
Square Footage 2,398
Net Rentable (SqFt) 2,398
Tenancy Single
Lease Type Absolute NNN
Lease Expiration 09/30/2041
Rent Bumps Yes
Lease Options Four 5-Year @ 7.5% Increases
Year Built 2026
Acreage 1.350
Lease Commencement 09/22/2026
Ground Lease Yes
True Absolute NNN Corporate Ground Lease on 1.35-Acre Lot | Brand-New Construction
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://hanleyinvestmentgroup.com/listings/?id=a0EPg000007R15d&track=yBGZeRfbgn-ExGyOYuzoBsKse
Investment highlights
- New Construction Single-Tenant Corporate Lee’s Famous Recipe Chicken:
- 15-year absolute NNN ground lease; zero landlord responsibilities
- 7.5% increases every 5 years during the base term and each of the four 5-year options
- Improvements were constructed at Tenant’s sole cost and expense showing their long term commitment to the site and providing long term upside to landlord; rent is 45% below market based on the adjacent build-to-suit properties
- The average unit volume for company owned stores is $2.2 million annually
- 135+ locations across 13 states and Canada with devoted customers
- Oversized parcel for long term residual value
- Lee’s Famous Recipe Chicken is a quick service franchise specializing in fresh, never frozen chicken
- Lee’s has been recognized for three years in a row as “Top 10 Fast Food Fried Chicken” by USA Today’s 10 Best Readers’ Choice Awards
- Lee’s Famous Recipe Chicken Benefits from Significant Frontage on Bryan Road (25,500+ CPD), One of the Main North/South Thoroughfares in the Direct Trade Area
- Adjacent to Future Developments:
- Adjacent to brand new Dutch Bros, McDonald’s, Heartland Dental, and Dobbs Tire & Auto and a 21+ acre luxury villa subdivision
- Across from brand new construction multi-million major sportsplex development bringing in a captive customer base
- Ideally Located in the St. Louis Metropolitan Region; Dense, Affluent Trade Area:
- O’Fallon is a suburb of St. Louis; The city’s location provides easy access to downtown St. Louis, West St. Louis County, and St. Charles County
- 154,800+ people with AHHI’s of $137,700+ within a 5-mile radius
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Zoning
C-3 CommercialSpecial CommercialHighway Commercial
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View all 340 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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