For Sale
$1,645,000

400 Chipman Rd Lee's Summit, MO 64063

Lee's Summit, MO: High-Growth QSR Net Lease

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional investment opportunity presents a 650-square-foot Swig drive-thru in Lee's Summit, Missouri. The property boasts a 15-year absolute NNN lease with a thriving, nationally expanding "dirty soda" brand. Rent increases by 10% every five years, ensuring strong future returns. The property enjoys a 5.50% cap rate and a substantial $90,500 annual net operating income (NOI). Located at a hard corner, high-traffic intersection (over 33,000 cars daily) on Chipman Rd, this location benefits from excellent visibility and accessibility. It's situated in a rapidly growing area with strong demographics, including high average household incomes ($110,000 within 3 miles, $126,000 within 5 miles), and is surrounded by new luxury apartment complexes, a major hospital campus undergoing expansion, and a large technology campus. The property is part of a power center with other national retailers, further enhancing its appeal and drawing significant traffic. The Swig brand itself is experiencing explosive growth, with plans for significant expansion in the coming years, making this a secure and potentially high-growth investment. Built in 2024, this property offers a modern, efficient design and is ideally positioned to capitalize on the continued growth of the Lee's Summit market. The property's strategic location near major roadways (US 50 and I-470) provides easy access for customers and employees. The surrounding area boasts a strong daytime population, exceeding 52,000 employees within the primary trade area, and is served by numerous K-12 schools. This is a rare opportunity to acquire a high-performing, low-maintenance investment property in a prime location.

Highlights

  • 15-Year Absolute NNN Lease with 10% rent increases every 5 years.
  • Corporate-guaranteed lease with a hyper-growth tenant operating 64+ stores across 7 states.
  • Swig, a rapidly expanding "dirty soda" franchise, projects doubling its store count in 2024 and international expansion.
  • Solidified franchise expansion plan with 65 new locations projected in 2024 and 1,400 over 8 years.
  • Investment in Swig recognized as Deal of the Year by Franchise Times.
  • High average unit sales of $1 million, with Kansas locations projected at nearly $2 million.

Property Details for 400 Chipman Rd

Property type
Retail properties
Square Feet
650 SF
Year Built
2024

Location Insight

City
Lee's Summit
County
Jackson
State
Missouri
Latitude
38.9255168
Longitude
-94.3894651

FAQs

What type of property is this?
Retail property - Lee's Summit, MO: High-Growth QSR Net Lease
Where is the retail property located?
The property is located at 400 Chipman Rd Lee's Summit, MO.
What is the asking price?
The asking price for this property is $1,645,000.
What are key features of this property?
This property features: 15-Year Absolute NNN Lease with 10% rent increases every 5 years.; Corporate-guaranteed lease with a hyper-growth tenant operating 64+ stores across 7 states.; Swig, a rapidly expanding "dirty soda" franchise, projects doubling its store count in 2024 and international expansion.
How can I contact the broker?
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400 Chipman Rd
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