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Swig with a Drive-Thru 390 NW Chipman Rd 650 SF Retail Building Lee's Summit, MO 64086 $2,296,288 CAD ($3,532.75 CAD/SF) 5.50% Cap Rate

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INVESTMENT HIGHLIGHTS

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Swig, a “Dirty Soda” Concept, Will Expand Internationally and Double its Store Count in 2024
  • One of the Fastest Growing and Successful Customized Drink and Treats Company in the U.S.
  • Corporate Guaranty, Hyper-Growth Tenant with 64+ Stores Across 7 States
  • Solidified 500 New Franchise Units, Projected to Open 65 Locations in 2024 and 1,400 Locations Over 8 Years
  • Franchise Times Named the Larry H. Miller Company’s Investment in Swig the Deal of the Year

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Retail
Building Size
650 SF
Building Class
B
Year Built
2024
Price
$2,296,288 CAD
Price Per SF
$3,532.75 CAD
Cap Rate
5.50%
NOI
$126,331 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
2.14 AC

NEARBY MAJOR RETAILERS

Lion's Choice
Mo’Bettahs
Dutch Bros
Starbucks
Noodles & Company
Olive Garden
Red Lobster
Texas Roadhouse
McAlisters Deli
UMB Bank
  • Listing ID: 32096128

  • Date on Market: 2024-06-11

  • Last Updated:

  • Address: 390 NW Chipman Rd, Lee's Summit, MO 64086

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