Restaurant
IHOP - KANSAS CITY MSA · HIGH TRAFFIC (35,000+ VPD)
20014 W 153rd St, Olathe, KS 66062
Listing Price: $1,938,000
Cap Rate
6.50%
Tenant Name
IHOP
Gross SF
5,096
Guarantor
Franchisee Guarantee
Rentable SF
5,096
Price/Gross SF
$380.30
Lease Type
Absolute Net
Rent Per Square Feet
$24.73
Investment Overview
20014 W 153rd St., Olathe, KS
IHOP - KANSAS CITY MSA · HIGH TRAFFIC (35,000+ VPD)
Investment Highlights
- ABSOLUTE-NET LEASE: 20 Year Lease with 7.5% Increases Every 5 Years; Including Each of the Four, 5 Year Options.
- EXCELLENT VISIBILITY & EASE OF ACCESS: The Property is Strategically Positioned Along a Major Retail Corridor, Offering Prominent Frontage and Direct Access to Highway 169 (35,000 Vehicles Per Day).
- LOCATED IN MAJOR RETAIL DEVELOPMENT: Situated in a Premier Retail Hub, the Property is Surrounded by Well-Known Retailers, Including Target, The Home Depot, ALDI, Chipotle, Red Robin, Jiffy Lube, etc.
- OLATHE, KS | KANSAS CITY MSA: A Major City in the Kansas City MSA (2.2 Million People), Olathe is a Major Distribution Hub for Prominent National Companies such as Tyson Foods, IKEA, FedEx, Dillards, Garmen, Chick-Fil-A, Frito Lay, and Bushnell. Olathe is also home to Olathe Health, which is Ranked in the Top 10 of Large Community Hospitals in the United States.
- 16-UNIT FRANCHISE BACKED GUARANTY: This Property Provides Stable, Long-Term Income, Backed by a Reputable Tenant with a Strong Track Record, Significantly Reducing Vacancy Risk and Ensuring Consistent Revenue for Years to Come.
Broker of Record
Financing By
Listing Price: $1,938,000
Cap Rate
6.50%
Tenant Name
IHOP
Gross SF
5,096
Guarantor
Franchisee Guarantee
Rentable SF
5,096
Price/Gross SF
$380.30
Lease Type
Absolute Net
Rent Per Square Feet
$24.73
Investment Highlights
- ABSOLUTE-NET LEASE: 20 Year Lease with 7.5% Increases Every 5 Years; Including Each of the Four, 5 Year Options.
- EXCELLENT VISIBILITY & EASE OF ACCESS: The Property is Strategically Positioned Along a Major Retail Corridor, Offering Prominent Frontage and Direct Access to Highway 169 (35,000 Vehicles Per Day).
- LOCATED IN MAJOR RETAIL DEVELOPMENT: Situated in a Premier Retail Hub, the Property is Surrounded by Well-Known Retailers, Including Target, The Home Depot, ALDI, Chipotle, Red Robin, Jiffy Lube, etc.
- OLATHE, KS | KANSAS CITY MSA: A Major City in the Kansas City MSA (2.2 Million People), Olathe is a Major Distribution Hub for Prominent National Companies such as Tyson Foods, IKEA, FedEx, Dillards, Garmen, Chick-Fil-A, Frito Lay, and Bushnell. Olathe is also home to Olathe Health, which is Ranked in the Top 10 of Large Community Hospitals in the United States.
- 16-UNIT FRANCHISE BACKED GUARANTY: This Property Provides Stable, Long-Term Income, Backed by a Reputable Tenant with a Strong Track Record, Significantly Reducing Vacancy Risk and Ensuring Consistent Revenue for Years to Come.
Investment Overview
20014 W 153rd St., Olathe, KS
Broker of Record
Financing By
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