Ward Parkway Lanes

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

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).

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