Hawaiian Bros
Retail | 5.75% CAP | 2,690 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new single tenant net leased Hawaiian Bros Island Grill located at 1272 E Battlefield Road in Springfield, Missouri (the "Property"). The newly renovated building consists of a 2,690 square foot building with a dedicated drive through lane on a 0.86-acre parcel. Hawaiian Bros Island Grill has 14+ years remaining on their triple net lease with two (2), five-year renewal options. The Lease call for attractive 8% rent increases every five years throughout the base term and at the start of each renewal option period.
The Property is strategically positioned at 1272 E Battlefield Road, one of Springfield's most prominent retail and commuter corridors, offering exceptional visibility, accessibility, and exposure to substantial daily traffic. Battlefield Road serves as a major east-west thoroughfare through the city and provides direct connectivity to US Highway60 and US Highway 65, which links the Property to Interstate 44 and the broader Springfield metropolitan area.
The site is located within one of Springfield's most established commercial districts, surrounded by a dense concentration of national retailers, restaurants, hotels, medical offices, and professional services that generate consistent consumer traffic throughout the day. The Property also benefits from its proximity to several major educational institutions, including Missouri State University, one of the largest universities in the state, as well as Drury University and Evangel University, which collectively contribute tens of thousands of students, faculty, and staff to the local economy. Additionally, the surrounding area is supported by Springfield's robust healthcare sector, major employers, and a growing residential population, creating a diverse and stable customer base.
As the primary commercial hub for Southwest Missouri, Springfield attracts shoppers, workers, students, and visitors from a broad multi-county region, enhancing the Property's trade area beyond the immediate market. The combination of strong traffic counts, excellent regional connectivity, proximity to major employment and educational centers, and location within one of the city's premier retail corridors makes this an outstanding location for Hawaiian Bros Island Grill and supports sustained customer demand throughout the year.
Investment highlights
LONG TERM LEASE: Hawaiian Bros Island Grill has 14+ years remaining on their Triple Net Lease with two (2), 5-year renewal options. The building was renovated for Hawaiian Bros, implementing their design standards and features a drive-through.
ATTRACTIVE RENT INCREASES: The lease calls for attractive 8% rental increases every five years through the current term and at the start of both 5-year option periods, providing the investor with an attractive increase in revenue and a hedge against inflation.
ZERO MANAGEMENT RESPONSIBILITIES: Hawaiian Bros Island Grill has a Triple Net Lease and is responsible for all operating expenses, repairs, maintenance, and replacements to the entire property (building and grounds).
DYNAMIC TENANT: Hawaiian Bros operates more than 80 existing and announced locations across 12 states, with a particularly strong presence throughout Missouri, Texas, Kansas, Oklahoma, Iowa, Nebraska, and other high-growth Sun Belt and Midwest markets. The company's expanding national footprint, substantial development pipeline, increasing brand awareness, and proven ability to enter new markets position it favorably for continued growth. This location is operated and guaranteed by Ohana Restaurant Group, an experienced franchisee with locations across multiple states and continued expansion plans, and personal guarantees from the group's principals.
OUTSTANDING LOCATION: Hawaiian Bros Island Grill occupies a highly desirable position along E. Battlefield Road, a dominant retail corridor that serves as a primary commercial artery for the city and surrounding region. The Property benefits from convenient access to U.S. Highway 65 and Interstate 44, providing strong connectivity throughout Southwest Missouri and supporting significant daily traffic volumes. Surrounded by an established mix of national retailers, restaurants, healthcare providers, and service-oriented businesses, the site draws from a broad consumer base that includes residents, professionals, students, and visitors. Nearby institutions of higher education, including Missouri State University, Drury University, and Evangel University, further strengthen the area's demographics and year-round activity levels. As the principal economic and retail center for Southwest Missouri, Springfield attracts consumers from a multi-county trade area, making this location particularly well suited for a nationally recognized restaurant concept seeking strong visibility, accessibility, and sustained customer demand.
STRONG TRAFFIC COUNTS: Approximately 28,700 vehicles per day pass by the property along E battlefield Road. An additional 33,200 vehicles pass near the Property along S National Avenue.
DEMOGRAPHICS: Over 79,600 people live within 3-miles of the Property with an average household income of $86,650. More than 176,200 people live within 5-miles of the Property with an average household income of $89,684. An additional 95,500 people work within 5-miles of the property.
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