Schlotzsky's

712 SW US 40 Highway Blue Springs, MO

$2,275,000

Price

5.75%

Cap Rate

3,100 sqft

Building Size

Overview
Cap Rate
5.75%
Building Size
3,100 sqft
Lot Area
0.54 acres
Occupancy
100%
Lease Type
Triple Net
Year Built
2019
Tenancy
Single
Year Last Renovated
2019
Gross Leaseable Area
3100
Lease Expire Year
08/31/2034
Description

Schlotzsky’s has a 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years and two 5-year renewal options. The tenant, LotzKC, Inc. is an experienced and growing operator that owns and operates 4 locations in Kansas and Missouri (lease personally guaranteed by all three operating partners). This asset has new high-quality build-to-suit construction – built in 2019 to Schlotzsky’s latest prototype!

Schlotzsky’s is located in Blue Springs, Missouri shadow anchored by newly constructed, high volume/state-of-the-art Price Chopper Grocery at White Oak Marketplace with excellent drive-by visibility! Nearby retailers include: Orscheln Farm & Home, Hy-Vee, Cosentino’s Price Chopper, ALDI, Dollar Tree, Big Lots, Ace Hardware, Goodwill, O’Reilly Auto Parts, Walmart Supercenter, Target, Kohl’s, Home Depot, Hobby Lobby, Petco, Michaels, Ulta Beauty, TJ Maxx & HomeGoods, Ross Dress for Less, Five Below, Maurices, Boot Barn, Dollar General, Walgreens, CVS, etc. The subject location is 2 miles from St. Mary’s Medical Center (146 beds) and 15 public schools with a total enrollment of 12,084.

*In Association with Missouri Local Broker: Lee K. Brodbeck, Cadence Commercial Real Estate #2000148191

Highlights
  • 15-Year Absolute NNN Lease with Attractive 10% Rental Escalations every 5 Years
  • LotzKC, Inc. is an Experienced and Growing Operator that Owns/Operates 4 Locations in Kansas & Missouri with a 5th Location Opening in Next 4 Months (Lease Personally Guaranteed by All Three Operating Partners!) **ASK BROKER FOR DETAILS ON NET WORTH**
  • Shadow Anchored by Newly Constructed, High Volume/State-of-the-Art Price Chopper Grocery at White Oak Marketplace
  • Positioned Just Off the Hard Corner of US 40 Hwy & MO-7 (Pad Site to Retail Center & Across from Hy-Vee Anchored Shopping Center) where Traffic Counts Exceed 51,050 CPD!
  • New High Quality Build-to-Suit Construction - Built in 2019 to Schlotzsky’s Latest Prototype!
  • 2019 Demographics (5-MI): Total Population: 88,258 | Average Household Income: $90,197 | Population Growth 2010-2019 (1-MI): 12.46%
Documents
Title
OFFERING MEMORANDUM
* Documents permissions are set by the listing owner, request information to access locked documents.

Location
Gallery