Restaurant
Red Lobster
670 NW Blue Pkwy, Lee's Summit, MO 64063
Listing Price: $5,321,550
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Red Lobster located at 670 NW Blue Parkway in Lees 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 $319,293 and is scheduled to increase by two percent annually throughout the remainder of the base term and in each of the four, five-year tenant renewal options.
Listing Price: $5,321,550
Investment Highlights
- Long-Term, Absolute Triple Net (NNN) Lease, Zero Landlord Obligations
- Has 22 Years Of Lease Term Remaining With Two Percent Annual Bumps
- Has Four, Five-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 Lees 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 $319,293 and is scheduled to increase by two percent annually throughout the remainder of the base term and in each of the four, five-year tenant renewal options.
