Red Lobster
Single Tenant Retail | 9.50+% CAP | Absolute NNN
Marketing description
Cushman & Wakefield has been retained as exclusive advisor to the Seller for the sale of Red Lobster (the "Property"), located at 12235 St Charles Rock Rd, Bridgeton MO 63044. This offering presents a high-yield Absolute NNN Lease investment with 2% annual rent increases and no landlord responsibilities, providing a passive investment opportunity.
The property is an outlot to Target, directly along a major retail corridor for northwest St. Louis County. Surrounding tenants include Aspen Dental, Fazoli's, Five Guys, Panera Bread, Walgreens, and Chipotle. The location benefits from direct visibility and access from St Charles Rock Road and access to McKelvey Rd and a lighted intersection from the rear.
This historically strong performing location has seen a 12+% increase in Year-over-Year visits (Placer AI). The corporate guaranteed lease runs through July 2034 with four additional 5-year options remaining.
Investment highlights
- Absolute NNN Lease with 2% Annual Increases - No Landlord Responsibilities, Passive Investment
- Historically Strong Performing Location, with a 12+% increase in Year-over-Year visits (Placer AI).
- Corporate Guaranteed Lease
- Excellent Location as an Outlot to Target in a busy retail corridor
- Direct visibility and access from St Charles Rock Road and access to McKelvey Rd and a lighted intersection from the rear.
- Lease Term Through July 2034 with Four additional 5-Year Options
- High Yield Opportunity
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