TWIN PEAKS (HIGH VOLUME STORE) - INDEPENDENCE 19821 E Jackson Dr 6,800 SF Retail Building Independence, MO 64057 $3,879,000 ($570.44/SF) 7.75% Cap Rate

Twin Peaks has 4 years remaining on initial 15-year Absolute NNN lease with ATTRACTIVE CPI rental escalations every 5 years! In addition to Base Rent, Tenant is to pay 5% of Gross Sales above the natural breakpoint. The Tenant, B3 Lodge II, LLC owns & operates five Twin Peaks locations in Kansas City & Wichita. 3B Lodge is comprised of brothers (Personal Guarantors) Brent & Brad Steven, who serve as Chief Executive Office & Chief Operating Officer, along with Brian Carduff, the group’s Chief Financial Officer. All three are from the Midwest & have experience working in various restaurant, sports and entertainment ventures.
The Asset is Well-positioned on a large ±1.66-acre lot (pad site to a 222,000 SF power center) – just minutes from Independence Center (1,000,000+ SF super regional shopping mall), Costco, Walmart, Sam’s Club, Target, Bass Pro Shops & Lowe’s. Offering excellent visibility north of I-70, with impressive traffic counts of 109,462 CPD! Nearby major retailers include Costco, Bass Pro Shops, Walmart, Target, Sam’s Club, Menards, Lowe’s, Hobby Lobby, Kohl’s, Ross, Marshalls, Shoe Carnival, World Market, Ulta Beauty, Best Buy, PetSmart, Petco, Five Below, ALDI, Hy-Vee, Price Chopper, Cash Saver, Tractor Supply, Harbor Freight, Half Price Books, Guitar Center, and AMC Theatres. It is 4 miles from Metropolitan Community College (MCC) Blue River – this campus is home to the Public Safety Institute, which includes programs for fire & police academies, as well as other vocational & academic programs serving 825 students; Less than 1 mile from Centerpoint Medical Center – featuring 285 beds, state-of-the-art equipment & technology, providing Level II Trauma Center, Chest Pain Center, Stroke Center & much more.