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Restaurant

IHOP + Applebee's Dual Concept Prototype

8541 NW Prairie View Rd, Kansas City, MO 64153

Listing Price: $3,900,000

Cap Rate
6.50%
Tenant Name
IHOP + Applebee's
Gross SF
8,241
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Price/Gross SF
$473.24
Lease Type
Absolute Net
Rent Per Square Feet
$30.76

Investment Overview

8541 NW Prairie View Rd., Kansas City, MO

Investment Highlights

  • 25-YEAR ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES: Brand-New 25-Year Term Begins at Closing; Tenant Is Responsible for All Expenses, Including Roof, Structure, Insurance, Taxes, and CAM.
  • 7.5 % RENT BUMPS EVERY 5 YEARS + THREE, 5-YEAR OPTIONS: Predictable, Compounding Cash Flow and an Effective 40-Year Hold Horizon.
  • FREESTANDING IHOP + APPLEBEE'S FLAGSHIP PROTOTYPE: Modern Build-to-Suit Restaurant Serving IHOP's 24-Hour Breakfast-Centric Menu—Capturing Morning, Midday, and Late-Night Traffic.
  • KANSAS CITY MSA (2.25 M RESIDENTS | $186 B GDP): High-Growth, Diversified Metro Straddling Missouri & Kansas; 2023 GDP $185.7 B and 2024 Population ˜ 2.25 M.

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s) MO: 2008013520

    Missouri

Restaurant

IHOP + Applebee's Dual Concept Prototype

Listing Price: $3,900,000

Cap Rate
6.50%
Tenant Name
IHOP + Applebee's
Gross SF
8,241
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Price/Gross SF
$473.24
Lease Type
Absolute Net
Rent Per Square Feet
$30.76

Investment Highlights

  • 25-YEAR ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES: Brand-New 25-Year Term Begins at Closing; Tenant Is Responsible for All Expenses, Including Roof, Structure, Insurance, Taxes, and CAM.
  • 7.5 % RENT BUMPS EVERY 5 YEARS + THREE, 5-YEAR OPTIONS: Predictable, Compounding Cash Flow and an Effective 40-Year Hold Horizon.
  • FREESTANDING IHOP + APPLEBEE'S FLAGSHIP PROTOTYPE: Modern Build-to-Suit Restaurant Serving IHOP's 24-Hour Breakfast-Centric Menu—Capturing Morning, Midday, and Late-Night Traffic.
  • KANSAS CITY MSA (2.25 M RESIDENTS | $186 B GDP): High-Growth, Diversified Metro Straddling Missouri & Kansas; 2023 GDP $185.7 B and 2024 Population ˜ 2.25 M.

Investment Overview

8541 NW Prairie View Rd., Kansas City, MO

Exclusively Listed By

Broker of Record

  • Dave Saverin

    Senior Director Investments

    (314) 889-2555

    License(s): MO: 2008013520

    Missouri

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