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Restaurant

IHOP 24/7 Location with New 25 Year Lease

8541 NW Prairie View Rd, Kansas City, MO 64153

Listing Price: $2,995,000

Cap Rate
6.25%
Tenant Name
IHOP
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Lease Type
Absolute Net
Rent Per Square Feet
$22.69

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 10% rent increases every five years, ensuring a steady and growing income stream for investors. 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.

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

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s) MO: 2008013520

    Missouri

Financing By

Restaurant

IHOP 24/7 Location with New 25 Year Lease

Listing Price: $2,995,000

Cap Rate
6.25%
Tenant Name
IHOP
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Lease Type
Absolute Net
Rent Per Square Feet
$22.69

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

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 10% rent increases every five years, ensuring a steady and growing income stream for investors. 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

  • Dave Saverin

    Regional Manager

    (314) 889-2500

    License(s): MO: 2008013520

    Missouri

Financing By

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