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190 NE Tudor Rd
Lee's Summit, MO 64086
Schlotzsky’s: New 15 YR Absolute NNN Lse! · Retail Property For Sale
Property Facts
About 190 NE TUDOR RD , LEE'S SUMMIT, MO 64086
Schlotzsky’s has a new 15-year absolute NNN lease with 7.5% rental escalations every 5 years and two 5-year renewal options. The tenant is an experienced and growing operator that owns and operates 3 locations (lease guaranteed by high net worth individuals for the first 5 years). This high volume location had the most successful Schlotzsky’s grand opening (nationwide) in company history with an attractive 6.75% rent-to-sales ratio! The subject location was renovated in 2017 – the tenant spent +$250,000 on the building remodel and $260,000 on the furnishings, fixture, & equipment package. Schlotzsky’s is located in Lee’s Summit, Missouri across the street from Lee’s Summit North High School (1,904 students) just off a hard corner with high drive-by visibility. This asset is less than a mile from University of Central Missouri (enrollment of 3,500) and one mile from St. Luke’s East Hospital (201 beds). *In Association with Missouri Local Broker: Bryan King, King Realty Advisors #2008036027
Property Taxes
| Parcel Number | 52-900-04-75-00-0-00-000 | Improvements Assessment | $96,470 |
| Land Assessment | $415,309 | Total Assessment | $511,779 |
Property Taxes
