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29578650
29578651

1191 Landmark Ave, Liberty, MO 64068

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus
$4,865,500
122 days on market
Updated 122 days ago

Hawaiian Bros - 12.5 Yr Abs NNN

Details
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 4,000
Cap Rate 8%
NOI $389,245
Occupancy 100%
Tenancy Single
Brand/Tenant Hawaiian Bros
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 11/30/2038
Remaining Term 12.5
Rent Bumps Yes
Lease Options 3, 5 Year Options
Price per SqFt $1,216
Year Built 2023
Acreage 1.520
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/06/2023

Kansas City MSA | 8.00% CAP | 4,000 SqFt

Marketing description

Hawaiian Bros Island Grill is a fast-growing, award-winning restaurant brand focusing on authentic Hawaiian food. The brand's menu is an homage to the Hawaiian plate lunch, which was founded in the 1880s and grew in popularity by the 1950s. Hawaiian Bros is dedicated to spreading the Aloha Spirit and delicious island-inspired flavors across the mainland.

Liberty is a suburb of Kansas City, located in the Kansas City metro area. It is also the county seat of Clay County and is home to William Jewell College, a private four-year liberal arts school with just under 1,000 students. Liberty has received many accolades over the years, including Top 3 Places for Families by Family Circle Magazine and the 7th Best Place to Live by CNN/Money Magazine.

Investment highlights

  • 12.5+ Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty

  • Average Household Income Exceeds $132,000 Within a 3-Mile Radius

  • 10% Rental Increases Every Five Years with Multiple Renewal Options

  • Hawaiian Bros is a Rapidly Growing Restaurant Chain with 75+ Locations in 14 States and 2023 Revenue of $120 Million

  • Features Double Drive-Thru With Separate Pick-Up Drive Thru

  • Well Positioned Hard Corner Location Within Liberty Triangle: Nearby Major Tenants Include Walmart, The Home Depot, Sprouts, Target, Dick's, JCPenney and More

  • Excellent Frontage Along State Routes 152 and 291 with Approximately 67,000+ Cars per Day

Listing Contacts

MR
AZ SA550593000
Marcus & Millichap - Phoenix
CL
AZ SA627823000
Marcus & Millichap - Phoenix
ZH
OH AZ, OH CO000422000
Marcus & Millichap - Columbus
Listed by Marcus & Millichap - Phoenix, Marcus & Millichap - Columbus

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$389,245.00
$32,437.08/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

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