10700 Parallel Pkwy, Kansas City, KS 66109
- Turn key restaurants
- 7,440 SF
- 1.45 lot acres
Current Use by Public Records
- Turn key restaurants
Property Details for 10700 Parallel Pkwy
- Year built
- 2010
- Lot size
- 1.45 lot acres
- Property type
- Turn key restaurants
- APN
- 401706
- APU
- 401706
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 5, 2023 | — | Fslro 10700 Parallel Kansas City Ll | — | Deed · related | $133.2M · Voya Investment Management LLC |
| Feb 18, 2022 | — | Fslro 10700 Parallel Kansas City Ll | Rainbow Texas Tom LLC | Special Warranty Deed | — |
| Dec 23, 2020 | — | 10620 Parallel Parkway LLC | Skn Properties | Special Warranty Deed | $2.2M · Wells Fargo Bank NA |
| Sep 16, 2014 | — | Rainbow Texas Tom LLC | Gmri INC | Special Warranty Deed | $2.6M · Alterra Bank |
| Dec 22, 2009 | — | Gmri INC | Plaza Speedway LLC | Special Warranty Deed | — |
Description
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.
Value Estimations
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,115,000 Current use
- OFFICE BUILDING
- $930,000 Change: -17% Conversion: Moderate
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Location Insight
- Map
- Local Demand
- City
- Kansas City
- County
- Wyandotte
- State
- Kansas
- Longitude
- -94.8274
- Latitude
- 39.1291
- CBSA code
- 28140
- CBSA name
- KANSAS CITY, MO-KS METROPOLITAN STATISTICAL AREA
