Hawaiian Bros - Belton, MO
Retail | 6.50% CAP | 2,847 SqFt
Marketing description
SHOP Companies is pleased to offer for sale the Hawaiian Bros located at 1112 E North Avenue in Belton, Missouri, structured as a 20-year, absolute NNN corporate sale-leaseback with Hawaiian Bros Inc.
This location represents the first-ever Hawaiian Bros restaurant—the flagship store that established the brand’s operational model and supported its national expansion. The new corporate lease will commence at closing, featuring a 20-year base term and 10% rent escalations every five years, including all four 5-year renewal options.
The property is positioned as an outparcel to the Target- and Home Depot–anchored Belton Towne Center, a ±350,000 SF regional power center with major national co-tenants such as Walmart Supercenter, Lowe’s, Academy Sports, Panera Bread, and Starbucks. Located along the I-49 retail corridor, Belton has experienced steady population and economic growth, supported by new infrastructure investment and $33 million in recent TIF improvements enhancing the Highway 58 corridor.
As the brand’s original store, the Belton location has maintained strong unit-level performance and healthy rent-to-sales ratios, underscoring its continued importance within the Hawaiian Bros system. The company now operates 65+ restaurants nationwide with over 250 additional units committed through multi-unit franchise development across more than 50 markets.
In Association with ParaSell, Inc. | A Licensed Missouri Broker #2019035835
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.
Flagship Store (#1)
The first-ever Hawaiian Bros location and brand flagship. Its long track record and continued strong performance laid the foundation for national growth—making it a core, proven asset with enduring corporate focus.
High-Performing Store | Strong Rent-to-Sales & EBITDAR Coverage
Proven unit-level performance with healthy margins and continued growth post-opening.
Dominant Retail Corridor Anchored by National Tenants
Located along I-49 at a major Belton retail node surrounded by Walmart Supercenter, Home Depot, Lowe’s, Academy Sports, Starbucks, and Panera.
Rapidly Growing Kansas City Submarket
Belton continues to see strong residential and commercial development due to its strategic location along the I-49 growth corridor.
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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