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