2724 Watson Rd - Retail FOR SALE


Saint Louis, MO 63139- Clifton Heights
$2,285,000 USD
314-680-9919
2724 Watson Rd, Saint Louis, MO for Sale
$2,285,000 USD
Retail - FOR SALE
1/8
null | 7.5% Cap Rate

2724 Watson Rd
Saint Louis, MO 63139
Clifton Heights


OVERVIEW

PRIME ST. LOUIS INFILL LOCATION Located at the high-profile signalized intersection of Watson Road & Hampton Avenue, the site benefits from combined traffic 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-off 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. NEW 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-traffic trade area.

FOR SALE DETAILS

PRICE

$2,285,000 USD

PRICE/SF

$1,484 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

-

APN/PARCEL ID

5891-00-0010-0

ASK ABOUT THIS PROPERTY

Jake KlamenKlamen Commercial AdvisorsMore Info
314-680-9919

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Jake KlamenKlamen Commercial AdvisorsMore Info
314-680-9919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.