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IHOP Restaurant 3804 N Belt Hwy 5,070 SF Retail Building Saint Joseph, MO 64506 $2,461,000 ($485.40/SF) 6.50% Cap Rate
Investment Highlights
- 22+ Years Remaining: The tenant has a 22+ year absolute NNN lease with zero landlord responsibilities and built-in 7.5% rent increases every five year
- 7.5% rent bumps every five years drive the yield from a 6.50% entry cap to 8.68% over the base term, with option period floors reaching 10.79%
- Proximity to I-29, a major north-south corridor connecting Kansas City to Omaha, captures significant transient and regional customer volume
- Beyond the primary term, the tenant holds three renewal options, providing potential occupancy through 2063
- Situated on N. Belt Highway, the primary north/south commercial artery in St. Joseph, MO, ensuring consistent daily traffic and retail activity
- Surrounded by a complementary cluster of high-traffic national brands including Walmart, Lowe's, Home Depot, Target, Dick's Sporting Goods, Walgreens
Executive Summary
Matthews Real Estate Investment Services, Inc
License # 2022018843, 2017010164 (MO)
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Accommodation and Food Services
- -
- -
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Lorem Ipsum
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Jan 0000
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
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|
Accommodation and Food Services | - | - | Lorem Ipsum | Jan 0000 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-8.0-34-002-001-122.000 | Improvements Assessment | $217,000 |
| Land Assessment | $69,120 | Total Assessment | $286,120 |
Property Taxes
Presented by
IHOP Restaurant | 3804 N Belt Hwy
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