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Hawaiian Bros - Overland Park, KS 12120 College Blvd 3,145 SF Retail Building Overland Park, KS 66210 $3,507,892 ($1,115.39/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New 20-Year, Absolute NNN Corporate Sale-Leaseback
- Top-Performing Store | Strong Coverage and Operational Stability
- Premier Johnson County Submarket
- Third Store in the Chain (#3)
- High-Income Trade Area in Dense Employment Corridor
- Rapidly Expanding Fast-Casual Tenant
EXECUTIVE SUMMARY
SHOP Companies is pleased to offer for sale the Hawaiian Bros located at 12120 College Boulevard in Overland Park, Kansas, structured as a 20-year, absolute NNN corporate sale-leaseback with Hawaiian Bros Inc.
This property is the third Hawaiian Bros restaurant in the system and among the brand’s most consistently high-performing units. A new 20-year absolute NNN lease will be executed at closing, featuring 10% rent escalations every five years, including all four 5-year renewal options. Located along College Boulevard near Quivira Road, the property sits within a dense employment and retail corridor anchored by Johnson County Community College (17,000 students) and major national retailers, including Chick-fil-A, Wendy’s, Chipotle, Dunkin’, and Panera Bread. The surrounding trade area features exceptional demographics, with average household incomes exceeding $120,000 within a three-mile radius.
Overland Park is widely recognized as the most desirable suburb of Kansas City—an affluent, highly educated community with top-rated schools, a diverse employment base, and strong economic growth. The city continues to attract major corporate investment across healthcare, technology, and professional services, reinforcing its position as the region’s leading business hub.
The Overland Park Hawaiian Bros reflects the brand’s strong unit-level performance and operational consistency, supported by a high-volume trade area and best-in-class real estate fundamentals. Hawaiian Bros now operates 65+ restaurants nationwide, with more than 250 additional units committed through multi-unit franchise development agreements.
This offering provides an opportunity to acquire a corporate-operated, long-term net lease with one of the fastest-growing fast-casual restaurant brands in the country, positioned in a premier Johnson County retail corridor.
In Association with ParaSell, Inc. | A Licensed Kansas Broker #CO00002998
This property is the third Hawaiian Bros restaurant in the system and among the brand’s most consistently high-performing units. A new 20-year absolute NNN lease will be executed at closing, featuring 10% rent escalations every five years, including all four 5-year renewal options. Located along College Boulevard near Quivira Road, the property sits within a dense employment and retail corridor anchored by Johnson County Community College (17,000 students) and major national retailers, including Chick-fil-A, Wendy’s, Chipotle, Dunkin’, and Panera Bread. The surrounding trade area features exceptional demographics, with average household incomes exceeding $120,000 within a three-mile radius.
Overland Park is widely recognized as the most desirable suburb of Kansas City—an affluent, highly educated community with top-rated schools, a diverse employment base, and strong economic growth. The city continues to attract major corporate investment across healthcare, technology, and professional services, reinforcing its position as the region’s leading business hub.
The Overland Park Hawaiian Bros reflects the brand’s strong unit-level performance and operational consistency, supported by a high-volume trade area and best-in-class real estate fundamentals. Hawaiian Bros now operates 65+ restaurants nationwide, with more than 250 additional units committed through multi-unit franchise development agreements.
This offering provides an opportunity to acquire a corporate-operated, long-term net lease with one of the fastest-growing fast-casual restaurant brands in the country, positioned in a premier Johnson County retail corridor.
In Association with ParaSell, Inc. | A Licensed Kansas Broker #CO00002998
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Retail
Building Size
3,145 SF
Building Class
C
Year Built/Renovated
1995/2019
Price
$3,507,892
Price Per SF
$1,115.39
Cap Rate
6.50%
NOI
$228,013
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
0.97 AC
Zoning
CPO
Parking
43 Spaces (13.67 Spaces per 1,000 SF Leased)
Frontage
231’ on College Blvd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | NP11600000-0001 | Improvements Assessment | $164,850 |
| Land Assessment | $203,400 | Total Assessment | $368,250 |
PROPERTY TAXES
Parcel Number
NP11600000-0001
Land Assessment
$203,400
Improvements Assessment
$164,850
Total Assessment
$368,250
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Hawaiian Bros - Overland Park, KS | 12120 College Blvd
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