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34228653
34229005

3241 SW Fascination Drive, Lee's Summit, MO 64081

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
JN
MO MO 2016015675
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group
$6,625,000
0 days on market
Updated 0 days ago

New Longview 7

Details
Property Type Retail
Sub Type Movie Theater
Square Footage 27,835
Net Rentable (SqFt) 27,835
Keys 593
Cap Rate 8.28%
NOI $548,790
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2038
Remaining Term 12.5
Rent Bumps Yes
Price per SqFt $238
Class A
Year Built 2018
Buildings 1
Acreage 1.610
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Lease Commencement 03/01/2018
Ground Lease No

Sale-Leaseback | 8.28% CAP | 12.5 Years Remaining

Marketing description

Crossroads Real Estate Group is pleased to present the exclusive listing of New Longview 7, a premier sale-leaseback investment opportunity in Lee's Summit, Missouri. The property is leased to B&B Theatres Operating Company, Inc., the largest privately held movie theatre chain and fifth-largest chain in the United States, operating 564 screens across 57 locations in 16 states, with additional sites under construction.

B&B Theatres has fulfilled 100% of its lease obligations over its 102-year history and has grown strategically through new builds, acquisitions, and extensive remodels, including expansion through the COVID-19 era. It is widely recognized as an industry leader in innovative cinema concepts and technology, with values-driven leadership, a focus on community reinvestment, and a commitment to "bringing Hollywood to your hometown."

B&B has occupied New Longview 7 since it was constructed, under a triple-net lease that commenced in March 2018. The 8-year operating history reflects reliable, predictable cash flow and portends a long runway of durable, inflation-resilient income over the remaining 12.5-year term.

The theatre anchors New Longview, a mixed-use neo-urbanist community emphasizing walkability, public spaces, and integrated residential and commercial uses, creating sustained foot traffic, repeat patronage, and an enduring role as the primary entertainment venue for the surrounding trade area.

Investment highlights

  • Sale-Leaseback Investment - High performing theatre tenant
  • Corporate Guarantee - 100% fulfillment of all financial obligations
  • Industry-Leading Operator - Established operations
  • Exceptional Condition - Built in 2018, mitigated capex risk
  • Geography-Limited Competition - One of two theatres within a 20 minute drive
  • Attractive Economics - Long-term NNN Structure; Expiration 12/2028
  • Demonstrated Community Engagement - 53.2% attended a movie <6 months in trade area

Listing Contacts

HM
MO MO 2004031968, MO 00238349
Crossroads Real Estate Group
JN
MO MO 2016015675
Crossroads Real Estate Group
Listed by Crossroads Real Estate Group

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$548,790.00
$45,732.50/mo

Valuation Metrics

0
DSCR
8.28%
Cap Rate
8.28%
ROI

Map

Zoning

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PMIX PlannedPlanned Mixed Use
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Holly Mills
License
MO 2004031968
Brokerage
Crossroads Real Estate Group
Brokerage Address
6200 Mastin Street
Name
John Nolan
License
MO 2016015675
Brokerage
Crossroads Real Estate Group
Title
Managing Broker
Brokerage Address
6200 Mastin Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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