10700 Parallel Pkwy Kansas City, KS 66109-3647
This exceptional 7,440-square-foot former Red Lobster restaurant presents a unique opportunity for lease or ground lease in Kansas City, Kansas. Situated on 1.46 acres at 10700 Parallel Parkway, this single-tenant property boasts 115 parking spaces, ensuring ample convenience for patrons. The building is located within the Plaza at the Speedway, a thriving 850,000-square-foot power retail center. This high-traffic location benefits from strong co-tenancy with established national brands including Walmart Supercenter, Kohl's, Sam's Club, Taco Bell, Olive Garden, Chick-fil-A, Jack in the Box, and Wendy's. The property's existing restaurant infrastructure offers significant advantages for a quick and efficient build-out, minimizing costs and time to market. Its prime location within a bustling retail center guarantees high visibility and accessibility, attracting a large customer base. This turnkey opportunity is ideal for established restaurant operators seeking a strategic expansion or new ventures looking to capitalize on a proven location in a high-demand market. The property is located in Wyandotte County, Kansas, with a zip code of 66109. This is a rare chance to acquire a well-positioned restaurant space in a premier retail destination.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.