Restaurant
IHOP 24/7 Location with New 25 Year Lease
8541 NW Prairie View Rd, Kansas City, MO 64153
Listing Price: $4,160,000
Investment Overview
Nestled within the vibrant Zona Rosa Lifestyle Center, this retail investment property commands attention with its exceptional location and diverse offerings. Anchored by retail giants like Dillard's, Dick's Sporting Goods, and Michaels, the center draws in a constant flow of shoppers from the surrounding area. The property is underpinned by a secure 25-year absolute-net lease with IHOP, featuring 7.5% rent increases every five years, ensuring a steady and growing income stream for investors. Adding to the allure is a sublease to ReadyVet, a 24-hour pet care facility staffed with three veterinarians, catering to the needs of the pet-loving community. With visibility and accessibility from Interstate 29, proximity to the 160-bed St. Luke's North Hospital, and its location within a mile of local schools serving over 3,300 students, this property capitalizes on an ideal intersection of convenience and demand. The surrounding area's robust demographics, underscored by multiple multifamily apartment buildings, further emphasize the appeal and investment potential of this prime location within Zona Rosa.
IHOP 24/7 Location with New 25 Year Lease
Investment Highlights
- Part of Zona Rosa Lifestyle Center - a 1,000,000 SF Anchored by Dillard's, Dick's Sporting Goods, and Michaels as well as a multitude of Luxury Apartments
- IHOP Master Lease will Initiate a New 25-year Absolute-Net Lease which will Commence Upon the Close of Escrow, Featuring 7.5% Rent Increases Every Five Years.
- Sublease Tenant will be a ReadyVet that will also be a 24 Hour Business for Pets with 3 Veterinarian on Staff.
- Exceptional visibility and convenient access from Interstate 29, a route frequented by more than 84,300+ vehicles daily.
- Just a Mile Away from St. Luke's North Hospital - Barry Road, a Facility with 160 Beds and an Employee Count of Nearly 5,000.
- IHOP and Ready Vet are Situated within a Mile of the Area's Three Major Schools, Collectively Serving Over 3,300 Students.
- The Area Boasts Robust Demographics, Characterized by Multiple Multifamily Apartment Buildings with an Average of 300+ Apartment Units Each, Underscoring the Strength and Desirability of this Location.
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $4,160,000
Investment Highlights
- Part of Zona Rosa Lifestyle Center - a 1,000,000 SF Anchored by Dillard's, Dick's Sporting Goods, and Michaels as well as a multitude of Luxury Apartments
- IHOP Master Lease will Initiate a New 25-year Absolute-Net Lease which will Commence Upon the Close of Escrow, Featuring 7.5% Rent Increases Every Five Years.
- Sublease Tenant will be a ReadyVet that will also be a 24 Hour Business for Pets with 3 Veterinarian on Staff.
- Exceptional visibility and convenient access from Interstate 29, a route frequented by more than 84,300+ vehicles daily.
- Just a Mile Away from St. Luke's North Hospital - Barry Road, a Facility with 160 Beds and an Employee Count of Nearly 5,000.
- IHOP and Ready Vet are Situated within a Mile of the Area's Three Major Schools, Collectively Serving Over 3,300 Students.
- The Area Boasts Robust Demographics, Characterized by Multiple Multifamily Apartment Buildings with an Average of 300+ Apartment Units Each, Underscoring the Strength and Desirability of this Location.
Investment Overview
Nestled within the vibrant Zona Rosa Lifestyle Center, this retail investment property commands attention with its exceptional location and diverse offerings. Anchored by retail giants like Dillard's, Dick's Sporting Goods, and Michaels, the center draws in a constant flow of shoppers from the surrounding area. The property is underpinned by a secure 25-year absolute-net lease with IHOP, featuring 7.5% rent increases every five years, ensuring a steady and growing income stream for investors. Adding to the allure is a sublease to ReadyVet, a 24-hour pet care facility staffed with three veterinarians, catering to the needs of the pet-loving community. With visibility and accessibility from Interstate 29, proximity to the 160-bed St. Luke's North Hospital, and its location within a mile of local schools serving over 3,300 students, this property capitalizes on an ideal intersection of convenience and demand. The surrounding area's robust demographics, underscored by multiple multifamily apartment buildings, further emphasize the appeal and investment potential of this prime location within Zona Rosa.
Exclusively Listed By
Broker of Record
Financing By
