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Hawaiian Bros - Belton, MO 1112 E North Ave 2,847 SF 100% Leased Retail Building Belton, MO 64012 $4,169,568 CAD ($1,464.55 CAD/SF) 6.50% Cap Rate
Investment Highlights
- New 20-Year, Absolute NNN Corporate Sale-Leaseback
- High-Performing Store | Strong Rent-to-Sales & EBITDAR Coverage
- Rapidly Growing Kansas City Submarket
- Flagship Store (#1)
- Dominant Retail Corridor Anchored by National Tenants
- Rapidly Expanding Fast-Casual Tenant
Executive Summary
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
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
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
2,847 SF
Building Class
B
Year Built/Renovated
2003/2018
Price
$4,169,568 CAD
Price Per SF
$1,464.55 CAD
Cap Rate
6.50%
NOI
$271,022 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
11’
Building FAR
0.07
Lot Size
1.00 AC
Parking
25 Spaces (8.92 Spaces per 1,000 SF Leased)
Frontage
123’ on North Ave
Amenities
- Pylon Sign
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1479812 | Improvements Assessment | $232,033 CAD |
| Land Assessment | $97,803 CAD | Total Assessment | $329,836 CAD |
Property Taxes
Parcel Number
1479812
Land Assessment
$97,803 CAD
Improvements Assessment
$232,033 CAD
Total Assessment
$329,836 CAD
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Hawaiian Bros - Belton, MO | 1112 E North Ave
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