Blue Springs, MO - Mo'Bettahs

Description:

SRS Real Estate Partners, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Mo’Bettahs investment property located in Blue Spring, Missouri (Kansas City MSA). Constructed in 2022, the site features a drive-thru and modern design with high-quality finishes and top-tier amenities. The tenant has over 12 years of firm term remaining and 2 (5-year) options to extend, demonstrating their long-term commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The lease is corporately guaranteed by Mo’Bettahs, a fast-growing restaurant brand with more than 73 locations, providing additional credit support and reducing tenant default risk. Mo’Bettahs demonstrates strong unit-level performance, with average unit volumes exceeding $2 million annually and same-store sales increasing by approximately 40% in 2024, underscoring the brand’s momentum and continued consumer demand.

Mo’Bettahs Hawaiian Style Food is strategically located at the signalized, hard corner intersection of State Highway 7 and NW Mock Avenue which supports nearly 20,000 vehicles per day. Furthermore, the site benefits from nearby access to Interstate 70 (55,100 VPD) and Northeast Adams Parkway (15,100 VPD), making this
an ideal centralized location with easy commutes. The asset is ideally located less than 2 miles east of Adams Dairy Landing, a 816,751 SF power center anchored by
a Walmart Supercenter that ranks in the top 90th percentile of store chainwide and supports more than 3 million visitors per year the other anchors include Target, Home Depot, Kohls, TJ Maxx, Ross, HomeGoods, Five Below, and more. Other national/credit tenants nearby include Walmart Neighborhood Market, Hobby Lobby, Ace Hardware, Office Depot, CVS Pharmacy, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. Moreover, the site is adjacent to St. Mary’s Medical Center, a 137-bed acute care hospital recognized nationally for clinical excellence, including multiple Healthgrades Patient Safety Excellence Awards and designation as a top 5% hospital nationwide for patient safety. In addition, the subject property is within walking distance from multiple apartment complexes such as The Arbor Apartments (293 units), The Edison at Blue Springs (198 units), Brookwood Village (216 units), and more, providing a direct residential consumer base from which to draw. The 5-mile subject trade area is supported by more than 92,000 residents and 33,000 daytime employees who earn affluent average household incomes of more than $109,000.

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