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18235323
18235326

400 NW Chipman Rd, Lee's Summit, MO 64063

PS
CA 01474991
Marcus & Millichap - San Diego
MT
CA 01963272
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$1,645,000
743 days on market
Updated 36 days ago

Swig Drive-Thru

Details
Property Type Retail
Sub Type QSR/Fast Food
Square Footage 650
Cap Rate 5.5%
NOI $90,500
Occupancy 100%
Tenancy Multi
Brand/Tenant Swig
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Price per SqFt $2,531
Year Built 2024
Investment Type Net Lease

Retail | 5.50% CAP | 650 SF

Investment highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years

  • Corporate Guaranty, Hyper-Growth Tenant with 64+ Stores Across 7 States

  • Swig, a “Dirty Soda” Concept, Will Expand Internationally and Double its Store Count in 2024

  • Solidified 500 New Franchise Units, Projected to Open 65 Locations in 2024 and 1,400 Locations Over 8 Years

  • One of the Fastest Growing and Successful Customized Drink and Treats Company in the U.S.

  • Franchise Times Named the Larry H. Miller Company’s Investment in Swig the Deal of the Year

  • Average Unit-Level Sales for Swig is $1 Million, the Stores in Kansas Are Projected to do Nearly $2 Million in Sales

  • Approximately 64% of Adults in Kansas Consume Sugar-Sweetened Beverages At Least Once Daily

  • In 2023, Swig had the 2nd Fastest Sales Growth Rate of 39.1% Across the Beverage and Snack Category

  • Serving Over 100,000 Residents in a Rapidly Growing Trade Area, One of the Fastest Growing and Most Affluent Communities in the MSA

  • Strong Average Household Incomes of $110,000 within 3 Miles and $126,000 within 5 Miles

  • Adjacent to Three Newly Developed Luxury Apartment Complexes, The Donovan (326-Units), Summit Square (308-Units) and The Trilogy (323-Units)

  • Outparcel to High-Volume Power Center with Aldi, Ross, Homegoods, Five Below and More

  • Hard Corner Location at Signalized Intersection with More Than 33,000 Cars/Day

  • Easy Access to U.S. 50 with 120,500 Cars/Day and I-470 with 72,000 Cars/Day, Connects to Downtown Kansas City

  • 1.5 Miles to St. Luke’s East Hospital Campus (12,000 Employees), $52 Million Expansion Underway

  • Down the Street from 1-Million SF Summit Technology Campus with 5,000 Employees

  • Strong Daytime Population, Over 52,000 Employees in the Primary Trade Area

  • Surrounded by Several K-12 Schools with More Than 9,000 Students

Listing Contacts

PS
CA 01474991
Marcus & Millichap - San Diego
MT
CA 01963272
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$90,500.00
$7,541.67/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
David Saverin
License
MO 2008013520
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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