Swig with a Drive-Thru
Single-Tenant Offerings
Swig with a Drive-Thru
400 NW Chipman Road
Lee's Summit (Kansas City MSA), MO
- Price:
- $1,645,000
- Cap Rate:
- 5.50%
- NOI:
- $90,500
- Rentable SQFT:
- 650 SF
- Year Built:
- 2024
- Lot Size:
- 0.459 +/- Acres
- Lease Type:
- Absolute NNN
- Status:
- Available
Investment Highlights
- 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
- Corporate Guaranty, Hyper-Growth Tenant with 64+ Stores Across 7 States
- Swig, a “Dirty Soda” Concept, Will Expand Internationally and Double its Store Count in 2024
- Solidified 500 New Franchise Units, Projected to Open 65 Locations in 2024 and 1,400 Locations Over 8 Years
- One of the Fastest Growing and Successful Customized Drink and Treats Company in the U.S.
- Franchise Times Named the Larry H. Miller Company’s Investment in Swig the Deal of the Year
- Average Unit-Level Sales for Swig is $1 Million, the Stores in Kansas Are Projected to do Nearly $2 Million in Sales
- Approximately 64% of Adults in Kansas Consume Sugar-Sweetened Beverages At Least Once Daily
- In 2023, Swig had the 2nd Fastest Sales Growth Rate of 39.1% Across the Beverage and Snack Category
- Serving Over 100,000 Residents in a Rapidly Growing Trade Area, One of the Fastest Growing and Most Affluent Communities in the MSA
- Strong Average Household Incomes of $110,000 within 3 Miles and $126,000 within 5 Miles
- Adjacent to Three Newly Developed Luxury Apartment Complexes, The Donovan (326-Units), Summit Square (308-Units) and The Trilogy (323-Units)
- Outparcel to High-Volume Power Center with Aldi, Ross, Homegoods, Five Below and More
- Hard Corner Location at Signalized Intersection with More Than 33,000 Cars/Day
- Easy Access to U.S. 50 with 120,500 Cars/Day and I-470 with 72,000 Cars/Day, Connects to Downtown Kansas City
- 1.5 Miles to St. Luke’s East Hospital Campus (12,000 Employees), $52 Million Expansion Underway
- Down the Street from 1-Million SF Summit Technology Campus with 5,000 Employees
- Strong Daytime Population, Over 52,000 Employees in the Primary Trade Area
- Surrounded by Several K-12 Schools with More Than 9,000 Students
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