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Lee's Famous Recipe Chicken | O'Fallon, MO 988 Bryan Rd 2,398 SF 100% Leased Retail Building O'Fallon, MO 63366 $1,636,000 ($682.24/SF) 5.50% Cap Rate
Investment Highlights
- New Construction Single-Tenant Corporate Lee’s Famous Recipe Chicken: 15-year absolute NNN ground lease; zero landlord responsibilities
- The average unit volume for company owned stores is $2.2 million annually
- Adjacent to Future Developments: Adjacent to brand new Dutch Bros, McDonald’s, Heartland Dental, and Dobbs Tire & Auto and a 21+ acre luxury villa
- 7.5% increases every 5 years during the base term and each of the four 5-year options
- 135+ locations across 13 states and Canada with devoted customers
- Across from brand new construction multi-million major sportsplex development bringing in a captive customer base
Executive Summary
True Absolute NNN Corporate Ground Lease on 1.35-Acre Lot | Brand-New Construction | Dense, Affluent St. Louis MSA Suburb; $137,700+ AHHI
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,398 SF
Building Class
B
Year Built
2026
Construction Status
Under Construction
Price
$1,636,000
Price Per SF
$682.24
Cap Rate
5.50%
NOI
$90,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.04
Lot Size
1.35 AC
Parking
46 Spaces (19.18 Spaces per 1,000 SF Leased)
Amenities
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2-0057-D433-00-0001.0000000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $198,055 |
Property Taxes
Parcel Number
2-0057-D433-00-0001.0000000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$198,055
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