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Restaurant

Red Lobster

9838 Watson Rd, Crestwood, MO 63126

Listing Price: $3,404,693

Cap Rate
6.25%
Tenant Name
Red Lobster
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
6,625
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.12

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 9838 Watson Road, in Crestwood, MO. The site consists of roughly 6,625 rentable square feet of building space on an estimated 1.75-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $212,793 and is scheduled to increase by 2% annually throughout the remainder of the base term and in each of the four, five-year tenant renewal options.

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 24 Years Remaining on the Base Term
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of 2 Percent Annually

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

Listing Price: $3,404,693

Cap Rate
6.25%
Tenant Name
Red Lobster
Years Remaining On Lease
3.3
Guarantor
Corporate Guarantee
Rentable SF
6,625
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$32.12

Investment Highlights

  • Long-Term, Absolute Triple-Net (NNN) Lease with Approximately 24 Years Remaining on the Base Term
  • Corporate Tenant | Corporate Guaranty
  • Attractive Rental Increases of 2 Percent Annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive offering for a Red Lobster located at 9838 Watson Road, in Crestwood, MO. The site consists of roughly 6,625 rentable square feet of building space on an estimated 1.75-acre parcel of land. This Red Lobster is subject to a long-term, absolute triple-net (NNN) lease, which commenced July 28, 2014. The current annual rent is $212,793 and is scheduled to increase by 2% annually throughout the remainder of the base term and in each of the four, five-year tenant renewal options.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Bradley Barham

    First Vice President Investments

    License(s): MO: 2013016939

    Missouri

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