B & B Theatres 3241 SW Fascination Dr 27,835 SF Retail Building Lee's Summit, MO 64081 $6,625,000 ($238.01/SF) 8.28% Cap Rate

Crossroads Real Estate Group is pleased to present the exclusive listing of New Longview 7, a premier sale-leaseback investment opportunity in Lee’s Summit, Missouri. The property is leased to B&B Theatres Operating Company, Inc., the largest privately held movie theatre chain and fifth-largest chain in the United States, operating 564 screens across 57 locations in 16 states, with additional sites under construction.
B&B Theatres has fulfilled 100% of its lease obligations over its 102-year history and has grown strategically through new builds, acquisitions, and extensive remodels, including expansion through the COVID-19 era. It is widely recognized as an industry leader in innovative cinema concepts and technology, with values-driven leadership, a focus on community reinvestment, and a commitment to “bringing Hollywood to your hometown.”
B&B has occupied New Longview 7 since it was constructed, under a triple-net lease that commenced in March 2018. The 8-year operating history reflects reliable, predictable cash flow and portends a long runway of durable, inflation-resilient income over the remaining 12.5-year term.
The theatre anchors New Longview, a mixed-use neo-urbanist community emphasizing walkability, public spaces, and integrated residential and commercial uses, creating sustained foot traffic, repeat patronage, and an enduring role as the primary entertainment venue for the surrounding trade area.