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Property profile & analytics
OFF-MARKET Estimated value $550,000
Turn key restaurants

10700 Parallel Pkwy Kansas City, KS 66109-3647

7,440 SF 1.45 ac lot Built 2010
Entity Owned 4-yr Hold Free & Clear
Property ID
US33-0353958
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2010
Total area 7,440 SF
Lot 1.45 ac (63,031 SF)
APN 401706
UPID US33-0353958
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$550k
Owner & transaction history
Fslro 10700 Parallel Kansas City Ll · 4 yrs held
Fslro 10700 Parallel Kansas City Ll
since 2022
5 recorded transactions
2023
Price N/A
2022
Price N/A
2020
Price N/A
2014
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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