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Restaurant

Andy's Frozen Custard

10641 State Line Rd, Kansas City, MO 64114

Listing Price: $2,768,300

Cap Rate
5.80%
Tenant Name
Andy's Frozen Custard Stores, LLC
Years Remaining On Lease
10.6
Gross SF
2,180
Guarantor
Corporate Guarantee
Rentable SF
2,180
Price/Gross SF
$1,269.86
Lease Type
Absolute Net
Rent Per Square Feet
$73.65

Investment Overview

Marcus & Millichap is pleased to present for sale Andy's Frozen Custard in Kansas City, Missouri. Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Kansas City is the largest city in Missouri, and the 36th most-populous city in the United States. Composed of several neighborhoods, Kansas City includes the River Market District in the North, the 18th and Vine District in the East, and the Country Club Plaza in the South.

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate and Personal Guaranty
  • Eight Percent Rental Increases Every Five Years
  • 195,508 Residents within a Five-Mile Radius - Dense Kansas City Infill
  • Adjacent to St. Joseph Medical Center, a 310-Bed Acute Care Facility
  • Situated Immediately Off the I-435 Freeway, a Major Kansas City Area Connector with Over 164,850 Cars per Day
  • Across from a Mixed-Use Development Opening Spring 2023 - 4,500 Square Foot Bank, 110,155 Square Foot Office, and Retail Space

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

Andy's Frozen Custard

Listing Price: $2,768,300

Cap Rate
5.80%
Tenant Name
Andy's Frozen Custard Stores, LLC
Years Remaining On Lease
10.6
Gross SF
2,180
Guarantor
Corporate Guarantee
Rentable SF
2,180
Price/Gross SF
$1,269.86
Lease Type
Absolute Net
Rent Per Square Feet
$73.65

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with Corporate and Personal Guaranty
  • Eight Percent Rental Increases Every Five Years
  • 195,508 Residents within a Five-Mile Radius - Dense Kansas City Infill
  • Adjacent to St. Joseph Medical Center, a 310-Bed Acute Care Facility
  • Situated Immediately Off the I-435 Freeway, a Major Kansas City Area Connector with Over 164,850 Cars per Day
  • Across from a Mixed-Use Development Opening Spring 2023 - 4,500 Square Foot Bank, 110,155 Square Foot Office, and Retail Space

Investment Overview

Marcus & Millichap is pleased to present for sale Andy's Frozen Custard in Kansas City, Missouri. Founded in 1986 in Osage Beach, Missouri, Andy's Frozen Custard is a quick-service frozen dessert brand. The company operates out of freestanding restaurants with drive-thru and walk-up service windows. Kansas City is the largest city in Missouri, and the 36th most-populous city in the United States. Composed of several neighborhoods, Kansas City includes the River Market District in the North, the 18th and Vine District in the East, and the Country Club Plaza in the South.

Exclusively Listed By

Broker of Record

  • David Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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