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IHOP 2248 N Webb Rd 100% Leased Retail Building Grand Island, NE 68803 $2,496,000 6.25% Cap Rate
Investment Highlights
- Long-Term ABS NNN Lease | 15 Years Remaining: The tenant has executed an absolute NNN lease with zero landlord responsibilities
- Inflation-Protected Income: 10% rent bumps every five years drive the yield from a 6.25% entry cap to 7.56% by Year 11
- Northwest Commons Submarket: Located within the dominant retail node in Grand Island
- Three Additional Five-Year Options: Beyond the primary term, the tenant holds three renewal options
- Power Retail Synergy: Surrounded by high-traffic national anchors including Walmart Supercenter, Sam’s Club, Culver’s, Chick-fil-A, Denver Mattress
- Dominant Breakfast Brand: IHOP is a household name with over 1,800 locations nationwide
Executive Summary
Kyle Matthews
License # 20170883, 35320 (NE)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 20170883, 35320 (NE)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Year Built
2021
Price
$2,496,000
Cap Rate
6.25%
NOI
$156,000
Percent Leased
100%
Building Height
1 Story
Opportunity Zone
Yes
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Nearby Major Retailers
1 of 4
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IHOP | 2248 N Webb Rd
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