Swig Ground Lease
Retail | 5.00% CAP | 635 SqFt
Marketing description
Swig was founded in 2010 in Saint George, Utah. Swig is known for their "Dirty Sodas" which customers can customize with various fruits, flavorings, creams, and other additions. Their menu also includes cookies and pretzels. Swig opened their first location in April of 2010 and has since expanded to over 40 locations across the Midwest.
In December 2017, Four Foods Group acquired Swig. Four Foods Group was started in 2008 by Utah tech entrepreneur, Andrew Smith, and his wife Shauna Smith. From 2008 to 2018, FFG acquired over 170 restaurants in 12 states, generating north of $1B in revenue over the period.
In 2018, Four Foods Group combined with private equity group Mercato Partners' Savory Fund, a value-add QSR management company focused on emerging restaurant concepts.
Swig is on track to surpass $70MM in annual sales stemming from 50-100 locations.
Investment highlights
- Built in 2022
- Absolute Net Ground Lease | Zero landlord responsibilities
- Corporate lease | Savory Swig Stores, LLC | 40 locations across the Midwest
- Outparcel to Kroger Marketplace-anchored grocery center
- Explosive population growth within a 1-mile radius | 141.40% from 2010-2022
- Directly across W University Dr from Baylor Scott & White Medical Center | 143 beds
- Attractive population density within a 5-mile radius | 202,134 residents
- Affluent surrounding area | $145,794 average
- 2.5 miles from Collin College | 24,568 students
- Approx. 1 mile from McKinney Boyd High School | 2,900 students
- 35 minutes from downtown Dallas
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