Ward Parkway Lanes

Highlights:

• 4+ years remaining on absolute net lease
• 2.5% annual rental increases throughout the base term, which increases to 3% throughout the option period
• Covered land play - landlord has early termination right for future development
• Very strong unit level performance (ask Agent for more details)
• Below market rent – $8.78/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
• Adjacent to Ward Parkway Center which ranks in the top 2% of shopping centers in Missouri in terms of annual visits (per Placer.ai)

Description:

4+ years remaining on an absolute net lease featuring 2.5% annual rental increases throughout the base term and 3% annual increases throughout the 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).

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