Restaurant
IHOP 24/7 Location with New 25 Year Lease
8541 NW Prairie View Rd, Kansas City, MO 64153
Listing Price: $3,200,000
Cap Rate
5.00%
Tenant Name
IHOP
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Lease Type
Absolute Net
Rent Per Square Feet
$19.41
Investment Overview
8541 NW Prairie View Rd, Kansas City, MO
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 10% Rent Increases Every Five Years.
- 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 is 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: $3,200,000
Cap Rate
5.00%
Tenant Name
IHOP
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Lease Type
Absolute Net
Rent Per Square Feet
$19.41
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 10% Rent Increases Every Five Years.
- 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 is 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
8541 NW Prairie View Rd, Kansas City, MO
Exclusively Listed By
Broker of Record
Financing By
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