​Highlights

• Lease Guarantee Size & Strength - The lease is backed by Panhandle Restaurant Group's corporate entity, which currently has 30+ units operational and another 10-20 locations targeted for construction.

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• Brand / Concept - Based in Oklahoma, the concept knows Barbeque to the bone and in 2005 was named in Restaurant Business magazine's Top 50 Growth Chains.

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• Percentage Rent - There is additional upside for a landlord as the lease also includes a percentage rent clause to capture additional income as the store ramps up its sales volume.

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• Tenant's Commitment to Site - The tenant is spending money into a retrofit of the subject property location, which speaks to their commitment to the site long-term.

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• Outparcel to Top Performing Hy-Vee Nationwide (Per Placer.ai Data)

​Description

Marcus & Millichap is pleased to present RibCrib, a rare investment opportunity for an investor to purchase a truly iconic brand with a proven track record of success in the submarket of St. Joseph, MO. The lease is backed by Panhandle Restaurant Group's corporate entity, which currently has 30+ units operational and another 10-20 locations targeted for construction or acquisition to be operational in the next 12 months. This is an opportunity to invest in a guarantee that is slated to grow significantly over the next several years allowing the new owner to inherit a stronger guarantee with each new location they open. In addition, the deal is backed by Personal Guarantee's by the operators with a combined net worth of over $20MM. There is also additional upside for a landlord as the lease also includes a percentage rent clause to capture additional income as the store ramps up its sales volume. This prime location has a variety of phenomenal core real estate drivers that ensure future appreciation and stability of the location.

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