Investment Highlights
Corporate Long-Term, 15-Year Absolute Triple Net (NNN) Lease to Hawaiian Bros
Top-5 Highest Grossing QSR Chain Nationally: Chick-fil-A, Raising Cane?s, McDonald?s, Whataburger, Hawaiian Bros
Excellent visibility to 70,000+ vehicles per day at the signalized intersection
Hawaiian Bros Average Unit Volumes (AUV) - $3.5 Million Annually
Fee Simple Building Ownership provides Accelerated Depreciation Opportunity
Rapid 20%+ Population Growth within the 5-Mile Radius of the Property since 2010
Executive Summary
Pegasus Investments Real Estate Advisory Inc. and ParaSell, Inc., as exclusive investment sales advisors to seller, are pleased to offer the opportunity to acquire the fee simple interest (land & building) in a Hawaiian Bros quick-service restaurant (QSR) located in Liberty (Kansas City), Missouri (the ?Property?). Investors in the Property will benefit from a brand-new, fully improved QSR building which will allow for attractive and accelerated depreciation benefits, further enhancing the total return on investment. The fifteen (15) year firm term lease features 10% increases every five years throughout the base term and options and carries a rare corporate signature for the duration of the lease. The Property is leased on a 100% absolute triple net (NNN) basis to Hawaiian Bros (?Tenant?), an emerging and rapidly growing best-in-class QSR operator. Hawaiian Bros features the use of a traditional plate lunch concept with a unique menu of Hawaiian food options not found in any existing national QSR and fast-casual chains. Hawaiian Bros opened its first location in 2018 and has rapidly grown to over 49 units across eight (8) states. The company has explosive growth and development plans for several hundred units over the next five (5) years. The exceptional average unit volume (AUV) of $3.5 million is the 5th-highest AUV in the country, making Hawaiian Bros one of the best-performing concepts in the QSR space. The Property is located within the primary retail corridor of Liberty, a flourishing suburb of Kansas City, showcased by population growth north of 20% within a 5-mile radius of the Property since 2010. The corridor is home to a multitude of national big-box anchors, including Target, Home Depot, Walmart, Sam?s Club, Best Buy, Kohl?s, Hy-Vee, Dick?s Sporting Goods, Hobby Lobby, Academy Sports, HomeGoods and many more. The Property is located prominently at the signalized hard corner intersection of Highway 152 (Barry Road/W Kansas St) and Route 291, with unparalleled visibility to over 70,000 vehicles per day (VPD). The Property features Hawaiian Bros? modern QSR site prototype equipped with both a double drive-thru and an innovative online order drive-up window. The site, featuring a 4,000 SF building on a 1.52-acre parcel with a robust parking ratio of 10.0 cars per 1,000 sf, provides operational efficiencies for the tenant and desirable fungibility for investors. With a population of over 2.2 million residents, the Kansas City metropolitan area ? the 5th largest metro in the Midwest ? continues to experience steady population growth, reflecting its allure as a vibrant urban center with ample opportunities. The metro region has witnessed a consistent influx of residents, driven by a thriving job market backed by a diverse range of industries and affordable living costs relative to income. This sustained population expansion underscores Kansas City?s appeal as a place for individuals and families seeking economic prospects, cultural amenities, and a high quality of life. The growth trend in the metro area not only bolsters the demand for housing but also contributes to the area?s overall economic dynamism, positioning Kansas City as an increasingly attractive destination for those looking to live and invest in a flourishing and expanding community.
