Hawaiian Bros Sale-Leaseback: Overland Park, KS
Retail | 6.50% CAP | 3,145 SqFt
Marketing description
SHOP Companies is pleased to offer for sale the Hawaiian Bros located at 12120 College Boulevard in Overland Park, Kansas, structured as a 20-year, absolute NNN corporate sale-leaseback with Hawaiian Bros Inc.
This property is the third Hawaiian Bros restaurant in the system and among the brand’s most consistently high-performing units. A new 20-year absolute NNN lease will be executed at closing, featuring 10% rent escalations every five years, including all four 5-year renewal options. Located along College Boulevard near Quivira Road, the property sits within a dense employment and retail corridor anchored by Johnson County Community College (17,000 students) and major national retailers, including Chick-fil-A, Wendy’s, Chipotle, Dunkin’, and Panera Bread. The surrounding trade area features exceptional demographics, with average household incomes exceeding $120,000 within a three-mile radius.
Overland Park is widely recognized as the most desirable suburb of Kansas City—an affluent, highly educated community with top-rated schools, a diverse employment base, and strong economic growth. The city continues to attract major corporate investment across healthcare, technology, and professional services, reinforcing its position as the region’s leading business hub.
The Overland Park Hawaiian Bros reflects the brand’s strong unit-level performance and operational consistency, supported by a high-volume trade area and best-in-class real estate fundamentals. Hawaiian Bros now operates 65+ restaurants nationwide, with more than 250 additional units committed through multi-unit franchise development agreements.
This offering provides an opportunity to acquire a corporate-operated, long-term net lease with one of the fastest-growing fast-casual restaurant brands in the country, positioned in a premier Johnson County retail corridor.
In Association with ParaSell, Inc. | A Licensed Kansas Broker #CO000029998
Investment highlights
New 20-Year, Absolute NNN Corporate Sale-Leaseback
At close of escrow, Hawaiian Bros, Inc. will sign a new long-term lease, which holds Tenant responsible for paying all taxes and insurance as well as performing all maintenance, repair and replacement obligations.Third Store in the Chain (#3)
As Hawaiian Bros’ third location, this store is a foundational brand success story and one of the most profitable stores in the chain.
Top-Performing Store | Strong Coverage and Operational Stability
Outstanding demographics and traffic flow drive strong performance at this corporate-operated location.High-Income Trade Area in Dense Employment Corridor
Surrounded by major corporate campuses and Class A office parks. Neighboring tenants include Chick-fil-A, Wendy’s, Chipotle, Dunkin’, and Panera Bread.Premier Johnson County Submarket
Overland Park is Kansas City’s most desirable suburb with top-tier schools, affluent households, and high barriers to entry.Rapidly Expanding Fast-Casual Tenant
Since Launching their franchising program in 2023, Hawaiian Bros has grown to 65 stores and has currently secured commitments for 251 franchise locations. The expansion is driven by 18 development agreements with 11 experienced multi-unit operators across 51 markets.
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