400 Chipman Rd Lee's Summit, MO 64063

Property Details for 400 Chipman Rd

Year built

2024

Property size

650 SF

Property type

Commercial real estate

Description

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.

Location Insight

City

Lee's Summit

County

Jackson

State

Missouri

Longitude

-94.3894651

Latitude

38.9255168