This single-tenant Red Lobster property in Bridgeton, Missouri offers a compelling investment with long-term stability. The asset features an Absolute NNN lease with zero landlord responsibilities, making it a truly passive income opportunity. The lease includes 2% annual rent increases, guaranteeing consistent revenue growth over time. Corporate-guaranteed by Red Lobster, this property provides security and credit-backed reliability for investors seeking durable returns.
The location is a prime outlot to a well-trafficked Target in a strong retail corridor along St. Charles Rock Road, providing direct visibility as well as convenient access from McKelvey Road and a lighted intersection at the rear. Surrounding tenants include national brands such as Aspen Dental, Panera Bread, Walgreens, Chick-fil-A, and Kohl’s, reinforcing the area’s retail synergy and consumer traffic. With a cap rate exceeding 9.5%, strong fundamentals, and a lease term extending through July 2034 with four five-year renewal options, this property is well-positioned for both stability and upside.