Restaurant
Red Lobster
670 NW Blue Pkwy, Lee's Summit, MO 64063
Listing Price: $5,645,700
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 670 NW Blue Parkway in Lee’s Summit, Missouri. The site consists of roughly 7,018 rentable square feet of building space on an estimated 1.74-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $338,742 and is scheduled to increase by 2.00%annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
Listing Price: $5,645,700
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
- +/- 20 Years Of Lease Term Remaining With 2.00% Annual Bumps
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 670 NW Blue Parkway in Lee’s Summit, Missouri. The site consists of roughly 7,018 rentable square feet of building space on an estimated 1.74-acre parcel of land. This Red Lobster is subject to a long-term absolute triple-net (NNN) lease, which commenced December 17th, 2015. The current annual rent is $338,742 and is scheduled to increase by 2.00%annually throughout the remainder of the base term and in each of the four (4), five (5)-year tenant renewal options.
