Restaurant
IHOP
20014 W 153rd St, Olathe, KS 66062
Listing Price: $1,938,400
Investment Overview
IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. For 65 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service.
Olathe is a city in, and the county seat of, Johnson County, Kansas. A suburb of Kansas City, it is the fourth-most populous city in both the Kansas City metro and the state of Kansas with an estimated population of 149,035.
IHOP
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Lease - Recent 2023 Renovation
- Low Rent Factor - Allowing for Future Upside Potential
- 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Growing Trade Area in the Kansas City MSA - 135,761 Residents within a Five-Mile Radius
- U.S. News Ranked Olathe the Number One Best Place to Live in Kansas for 2026
- Immediate Proximity to Olathe Medical Center (300 Beds), Ranked in the Top 10 of Large Community Hospitals in the United States
- Adjacent to Target and The Home Depot and Surrounded by National Tenants: ALDI, Chipotle, Red Robin, Panera Bread, and More
- Situated Off Interstate 35 (49,300 Cars per Day) with Excellent Frontage Along South Woodland Street (35,000 Cars per Day)
Broker of Record
Financing By
Listing Price: $1,938,400
Investment Highlights
- Brand New 10-Year Absolute Triple-Net (NNN) Lease - Recent 2023 Renovation
- Low Rent Factor - Allowing for Future Upside Potential
- 7.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
- Growing Trade Area in the Kansas City MSA - 135,761 Residents within a Five-Mile Radius
- U.S. News Ranked Olathe the Number One Best Place to Live in Kansas for 2026
- Immediate Proximity to Olathe Medical Center (300 Beds), Ranked in the Top 10 of Large Community Hospitals in the United States
- Adjacent to Target and The Home Depot and Surrounded by National Tenants: ALDI, Chipotle, Red Robin, Panera Bread, and More
- Situated Off Interstate 35 (49,300 Cars per Day) with Excellent Frontage Along South Woodland Street (35,000 Cars per Day)
Investment Overview
IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. For 65 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. Olathe is a city in, and the county seat of, Johnson County, Kansas. A suburb of Kansas City, it is the fourth-most populous city in both the Kansas City metro and the state of Kansas with an estimated population of 149,035.
Broker of Record
Financing By
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