Swig

400 Northwest Chipman Road, Lee's Summit, MO 64063

$1,645,000

Cap Rate 5.50%

Views: 20 DOM: 20 Updated: 08.28.24 Posted: 08.27.24 Status: Active

Summary

Price $1,645,000	Built/Renov 2024	Tenant Swig
Cap Rate 5.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 650	Lease Start 09-01-2024	#Units 62
Price/SF $2,530.77	Expiration 08-31-2039	Tenant Type Fast Food/QSR
NOI $90,500	R. Term 14.11	Ownership Fee Simple
Rent/SF $139.23	Increases 10.0%/5/yrs	Pop 5Mi 95,495
Lot/AC 0.46	Options 2/5yrs/10%	AHHI 5Mi $126,641

Phil Sambazis

Marcus & Millichap

Contact

Lease Highlights

Brand new 2024 construction
New 15-year lease with 2 (5-year) options to extend
The lease features 10% rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Swig is strategically located at the signalized, hard corner intersection of NW Chipman Road and NW Donovan Road, with access to a combined daily traffic count of 33,000 vehicles. The property is adjacent to three newly developed luxury apartment complexes: The Donovan, Summit Square, and The Trilogy, and is surrounded by several K-12 schools with over 9,000 students. It is an outparcel to a...

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Key Features

New construction
Signalized intersection
Near major nationals
Shopping Ctr out-parcel
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee

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Links

Swig Wikipedia Swig Wikipedia Lee's Summit, Missouri Zip Code 64063 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Swig
Guarantor:Corporate
Company:Larry H. Miller Company
# Units:62
Stock:Private

About Tenant

Swig, Home of the Original Dirty Soda, is one of the fastest-growing and most successful beverage-focused brands in the country. Founded in 2010 in St. George, Utah, by Nicole Tanner, Swig has...

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Listing Broker

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