Restaurant
IHOP - Part of Zona Rosa Lifestyle Center (5.3M Ann. Visits)
8541 NW Prairie View Rd, Kansas City, MO 64153
Listing Price: $2,615,000
Cap Rate
6.50%
Tenant Name
IHOP
Gross SF
8,241
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Price/Gross SF
$317.32
Lease Type
Absolute Net
Rent Per Square Feet
$20.63
Investment Overview
8541 NW Prairie View Rd., Kansas City, MO
IHOP - Part of Zona Rosa Lifestyle Center (5.3M Ann. Visits)
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 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
Financing By
Restaurant
IHOP - Part of Zona Rosa Lifestyle Center (5.3M Ann. Visits)
Listing Price: $2,615,000
Cap Rate
6.50%
Tenant Name
IHOP
Gross SF
8,241
Guarantor
Franchisee Guarantee
Rentable SF
8,241
Price/Gross SF
$317.32
Lease Type
Absolute Net
Rent Per Square Feet
$20.63
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 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
Financing By
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.