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2724 Watson Rd 1,540 SF Retail Building Saint Louis, MO 63139 $2,285,000 ($1,483.77/SF) 7.50% Cap Rate



Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
1,540 SF
Building Class
B
Year Built
2023
Price
$2,285,000
Price Per SF
$1,483.77
Cap Rate
7.50%
NOI
$171,377
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.36 AC
Frontage
118’ on Watson Road
Amenities
- Drive Thru
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5891-00-0010-0 | Improvements Assessment | $78,400 |
| Land Assessment | $49,800 | Total Assessment | $128,200 |
Property Taxes
Parcel Number
5891-00-0010-0
Land Assessment
$49,800
Improvements Assessment
$78,400
Total Assessment
$128,200
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2724 Watson Rd
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