520 NW CHIPMAN RD Lees Summit MO 64086

CBRE Group Inc. is pleased to offer for sale this brand-new, single-tenant, absolute-NNN lease with Mo’Bettahs (the Property) located at 520 NW Chipman Road in Lee’s Summit Missouri, an affluent suburb ±23 miles southeast from Kansas City’s downtown corridor. The Property is well-positioned just off the northeast corner of Chipman Road and NW Ward Road in a highly trafficked commercial trade area of Lee’s Summit. This Mo’Bettahs restaurant is shadow-anchored by major national retailers (NAP) such as: Aldi’s Grocery Store, Home Goods, Ross, Five Below, MOD Pizza, Lion’s Choice and Sunoco, among many others. The offering consists of a 100% leased, absolute NNN lease with Mo’Bettahs – Hawaiian Style Food, which is nearing completion and expected to deliver in Q1-2023. Rent commencement will begin at the close of escrow which includes a brand-new 15- year, absolute-NNN lease with Mo’Bettahs. The lease features 10% rental increases every five (5) years in the initial term and throughout the tenant’s two (2), five-year renewal option periods.

Serving up delicious Hawaiian style food, Mo’Bettahs has 37 existing locations, 4 Pending Opening, 18 under Development and is owned and operated by Savory Fund, one of the fastest-growing restaurant companies in the United States. Savory Fund, a Mercato Partners Fund, which prides itself on delivering outsized returns through strategic investments in the food and beverage industry. Savory currently operates 118 restaurants with more 50 in development across 7 brands (very soon will be 125 restaurants across 9 brands).

The opportunity offers an investor a prime, long-term, Triple-Net (NNN) lease with no landlord responsibilities in Lee’s Summit, Missouri, approximately 23 miles southeast from Kansas City’s downtown commercial corridor.

• Brand-new, 15-year absolute NNN single-tenant drive-thru restaurant investment with Mo’Bettahs-Hawaiian Style (37 existing locations, 4 Pending Opening, 18 under Development).

• Brand-new construction featuring Mo’Bettahs new prototype design (Delivering in Q1-2023).

• Lease is guaranteed by Mo’Bettahs Corporate, backed by 33 locations.

• Excellent 10.00% rental increases every five years during the initial 15-year lease term and throughout Mo’Bettahs two (2), five-year renewal option periods.

• Savory currently operates 118 restaurants with more 50 in development across 7 brands (very soon will be 125 restaurants across 9 brands).

• The Property is located within an Aldi’s Grocery Store anchored neighborhood shopping center including major national brands such as: Ross, Home Goods, Five Below, MOD Pizza, Lion’s Choice and Sunoco Fuel Station, among many others.

• Zero Landlord responsibility coupled with a stable, long-term income stream – perfect for 1031 exchange investors.

• The Property is well-located in the Kansas City metropolitan area, approximately 23 miles southeast from Kansas City’s downtown booming corridor, in Lee’s Summit, Missouri.

• Strong density of 50,835 residents in a three-mile radius and 95,393 residents in a five-mile radius (Source: Claritas).