800 NE Coronado Dr
Blue Springs, MO 64014
Kneaders · Retail Property For Sale

Lee & Associates & JDS Real Estate Services, Inc. are pleased to exclusively offer for sale the fee simple interest (land & building) in a Kneaders Bakery & Café located in Blue Springs, MO, a highly desirable suburb of Kansas City (the “Property”). Built in 2017, the Property consists of a 4,055-square-foot retail building with drive thru that sits on an approximately 35,265-square foot parcel. The subject property is leased to Kneaders Bakery & Café with a Corporate Guaranty from Four Food Group Stores, LLC (See page 23-24 of OM). Founded in 1997 in Orem, Utah, the award-winning, fast-casual restaurant uses only the highest quality ingredients to create fresh European hearth breads, delicious sandwiches, mouthwatering pastries, hearty soups and refreshing salads, all made in-house each day. Kneaders Bakery & Cafe currently operates 59 locations in Arizona, Colorado, Idaho, Kansas, Missouri, Nevada, Texas and Utah. The lease Guarantor Four Foods Group (FFG) owns and operates 155 restaurants across the United States which include Little Caesars Pizza, Kneaders Bakery & Café, Swig, R&R BBQ and Mo’Bettahs. FFG was named the third fastest-growing restaurant operator in 2017 by Franchise Times, is a multi-time winner of “Best Companies to Work For,” and currently holds a 4.9/5.0 Glassdoor rating. Last month, FFG was also listed in the Inc. 5000 fastest-growing companies in the nation for the seventh consecutive time. The company employs over 4,400 people and reports over $190M in revenue annually (see OM page 24). The subject property is a new build-to-suit for Kneaders, completed in July 2017. The new 15-year NNN lease features 10% rent increases every five years in the Primary Term and (4) 5-year Option periods. The Absolute NNN nature of the lease, offering an investor a passive investment with income growth. The subject property is located on NE Coronado Rd at NE Adams Dairy Pkwy, which sees combined traffic counts of 34,000+ cars per day. NE Coronado Drive is a major retail/commuter corridor to Interstate 70 (65,000 cars per day) connecting drivers to downtown Kansas City just 19 miles to the west. The property benefits from its location at the on/off ramp to the Interstate, offering easy on/off access to travelers and commuters. The subject property is shadow anchored by Home Depot, on an outparcel to Walmart Supercenter, creating a major customer draw to the immediate trade area. The location offers outstanding retail synergy with its proximity to national tenants such as Target, Michaels, Ulta Beauty, Kohl’s, TJ Maxx/HomeGoods, Ross Dress for Less, Five Below, Petco, Bath & Body Works, Gap, and Maurices nearby. Additionally, the property is one mile from St. Mary’s Medical Center, a 146-bed acute care facility that is among an elite group of providers and has earned numerous awards. It is the 2nd largest employer in Blue Springs with 545 employees. The subject property is located in Blue Springs, MO, in Jackson County. Jackson County is the central county of the Kansas City, MO-KS Metropolitan Statistical Area. In 2010, CNN/Money Magazine ranked Blue Springs 49th on its list of the 100 Best Places to Live in the United States. Blue Springs is located 19 miles east of downtown Kansas City and is the 7th largest city in the Kansas City Metropolitan Area. Workers enjoy an easy 24-minute commute to Kansas City to work in federal government offices (largest employer in the Kansas City metro area), Ford Motor Company, Smith Electric Vehicles, and the Kansas City International Airport. Kansas City is home to many notable company headquarters, including Applebee’s, Blue Cross and Blue Shield of Kansas City, Great Plains Energy, H&R Block, Hostess Brands, and Novastar Financial.