Your email has been sent.
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
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
Amenities
- Drive Thru
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- Mar 2034
Crazy Bowls and Wraps was started in 1994 by Keith and Gail Kitsis because they saw a gap in the market of healthy, delicious and nutritious options in St. Louis. They wanted to bring their love of eating healthy and combine it with flavorful, made from scratch food. They are crazy about the thought that food this good might bring more good into the world. They serve, fast, healthy food made fresh every day in each of their stores. By making it easier to enjoy delicious, fresh ingredients, they help people feel good about themselves and the world they share. They are committed to providing wholesome ingredients, real food made from scratch and creating healthier communities.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Accommodation and Food Services | - | - | Triple Net | Mar 2034 |
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
Presented by
2724 Watson Rd
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.