Red Lobster — Sale in St. Louis, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Business
  • Location: St. Louis, MO 63123

Photos

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Investment Figures

Cap rate
7.25%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire the absolute net leased Red Lobster located at 5733 South Lindbergh Boulevard in South County St. Louis, Missouri. Red Lobster has successfully operated at this location for more than three decades. According to Placer.ai, the restaurant ranks among the top 20 Red Lobster locations nationally, out of 500+ stores, and it is the top-performing Red Lobster location in Missouri. The property is subject to a 25-year absolute net lease that commenced in 2014, with approximately 13.5 years of remaining lease term and 2% annual rental increases occurring each August. The property features a 9,733-square-foot building situated on 2.44 acres with substantial frontage along South Lindbergh Boulevard. The location benefits from traffic counts exceeding 30,948 vehicles per day, a three-mile population of 87,962, and an average household income of $106,819. In 2025, annual household retail spending within three miles exceeded $1.2 billion, including more than $330 million in spending on food and alcohol, demonstrating the strong consumer base surrounding the property. Investment Highlights: • Top-Performing Red Lobster – Ranked as the top-performing Red Lobster location in Missouri and among the top 20 locations in the United States, according to Placer.ai • Long-Term Operating History – Red Lobster has operated at the location for more than 30 years • Long-Term Absolute NNN Lease – Subject to an absolute NNN lease with approximately 13.5 years of remaining term • High-Visibility South County Location – 9,733-square-foot building situated on 2.44 acres with substantial frontage along South Lindbergh Boulevard with traffic counts exceeding 30,948 vehicles per day

Market Context

This food service in St. Louis, MO is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in St. Louis, MO — view the full market.

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