REIT Sale | Former Red Lobster | 16K VPD | 1.22 Acres

Highlights:

• 4,165 SF Freestanding Former Red Lobster Restaurant Available at Significant Discount Below Replacement Cost
• Prime Pylon Visibility on US Hwy 50 and Missouri Blvd with ±25K VPD Combined Traffic; Located Across from Capital Mall with over 65 Stores
• Neighboring National Retailers: Lowe's, HomeGoods, TJ Maxx, Chick-fil-A, Ashley, Old Navy, Planet Fitness, Chili's, Natural Grocers, Dollar Tree, and more
• Affluent Demographics with Annual Household Income of ±$88,481 and ±48,538 People within a 5-Mile Radius
• Zoned C-1, Neighborhood Commercial with a Variety of Commercial Uses
• Absolute $1 Auction – NO RESERVE!

Description:

RI Marketplace Online Auction June 23-25, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2466/reit-sale-former-red-lobster-16k-vpd-1.22-acres?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2566

Marcus & Millichap and RI Marketplace are pleased to present a vacant, free-standing retail building located at 3519 Country Club Drive in Jefferson City, Missouri 65109 (the “Property”). Formerly occupied by Red Lobster, the Property is being offered significantly below replacement cost, presenting an excellent opportunity for owner-users or investors to acquire a highly visible, strategically positioned asset at a compelling basis. FIRST BID MEETS RESERVE!

Built in 1995, the Property comprises a one-story, ±4,165-square-foot free-standing retail building situated on ±52,975 square feet (±1.22 acres), with 86 total surface parking spaces. The site features one point of ingress/egress, with ±173 feet of frontage along Country Club Drive and ±153 feet of visibility along U.S. Highway 50, which sees ±16,992 vehicles per day (VPD). The Property was previously leased to Red Lobster on a triple-net (NNN) basis. It presents a value-add opportunity through lease-up at long-term market rates (CoStar estimated rents of $16–$19/SF NNN). Zoned C-1, Neighborhood Commercial District, the Property allows for a wide variety of commercial uses, appealing to a broad range of end-users.

Located in Jefferson City’s primary retail corridor, the Property enjoys strong regional connectivity via U.S. Hwy 50, Missouri Blvd, and Stadium Blvd, which support substantial commuter and retail traffic throughout the area. It is just ±4 miles west of Downtown Jefferson City and ±5 miles from the Missouri State Capitol, making it highly accessible to both residents and regional visitors. The site is directly across from Capital Mall, a ±560,000 SF enclosed shopping center featuring over 65 national and regional retailers, including JCPenney, Dillard’s, and GQT Movies Theatres. Additionally, just behind the Property and across U.S. 50 is Wildwood Shopping Center, a major open-air retail destination adjacent to Lowe’s and anchored by TJ Maxx, HomeGoods, and Natural Grocers with several QSRs and daily-needs retailers in the immediate area. This dense retail corridor draws consistent traffic throughout the week and benefits from a wide consumer base across the greater Jefferson City area. The surrounding area includes a balanced mix of residential neighborhoods, schools, hotels, medical offices, and civic institutions. Within a 2-mile radius are key demand drivers such as Capital Region Medical Center (100+ beds), Lincoln University (±1,800 students), Jefferson City High School, and the Missouri Department of Revenue headquarters—all of which contribute to stable daytime population and service-based demand. With over 48,000 residents and an average household income of approximately $88,481 within a 5-mile radius, the area supports consistent traffic for retail, restaurant, and professional service users. The Property’s visibility, accessibility, and location within Jefferson City’s dominant commercial district make it a compelling opportunity for both owner-users and value-add investors alike.

Gary D. Ryther
c/o Fisher Auction Company Inc.
License: 199018502

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