Ward Parkway Lanes
Brand New Lease Extension with 2.5% Annual Rent Increases
Marketing description
10+ years remaining on recently extended absolute net lease featuring 2.5% annual rental increases throughout the base term and option period. The subject property is located adjacent to Ward Parkway Center – a 550,000+ SF shopping center with 6.2M annual visitors, which ranks in the top 2% of all shopping centers in Missouri (per Placer.ai).
Investment highlights
10+ years remaining on absolute net lease featuring 2.5% annual rental increases
Tenant just signed a long-term lease extension demonstrating their commitment to this location
Very strong unit level performance (ask Agent for more details)
Below market rent – $9.72/SF
Ranks in the top 9% of “attractions” in the state of Missouri and top 10% of “leisure” properties nationwide in terms of annual visits (per Placer.ai)
Tenant operates a full bar on site with 1am liquor license and recently installed a new modern scoring/gaming system
Extremely affluent residential demographics – $154,000 average household incomes within a 1-mile radius of the subject property
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
