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Swig Drive-Thru SEC of NE Coronado Dr. & NE Sunnyside School Rd.

650 SF Retail Building Blue Springs, MO 64014 £1,297,905 (£1,997/SF) 5.50% Net Initial Yield

Investment Highlights

  • 15-Year Absolute NNN Lease with 10% Increases Every 5 Years
  • Swig, a “Dirty Soda” Concept, Will Expand Internationally and Double its Store Count in 2024
  • One of the Fastest Growing and Successful Customized Drink and Treats Company in the U.S.
  • Corporate Guaranty, Hyper-Growth Tenant with 64+ Stores Across 7 States
  • Solidified 500 New Franchise Units, Projected to Open 65 Locations in 2024 and 1,400 Locations Over 8 Years
  • Franchise Times Named the Larry H. Miller Company’s Investment in Swig the Deal of the Year

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Retail
Building Size
650 SF
Year Built
2024
Price
£1,297,905
Price Per SF
£1,997
Net Initial Yield
5.50%
NOI
£71,404
Tenancy
Single
Number of Floors
1
Building FAR
0.01
Land Acres
2.28 AC

Nearby Major Retailers

Academy Bank
Hawaiian Bros Island Grill
Olive Garden Italian Rstrnt
StorageMart
Texas Roadhouse
Starbucks
Mo’Bettahs
Mod Pizza
Kidstrong
IHOP

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
36-500-03-73-00-0-00-000
Land Assessment
£139,042
Improvements Assessment
£0
Total Assessment
£139,042
  • Listing ID: 32175390

  • Date on Market: 18/06/2024

  • Last Updated:

  • Address: SEC of NE Coronado Dr. & NE Sunnyside School Rd., Blue Springs, MO 64014

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