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
IHOP + Applebee's Dual Concept Prototype
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
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
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