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IHOP - Part of Zona Rosa Lifestyle Center 8541 NW Prairie View Rd 8,241 SF 100% Leased Retail Building Kansas City, MO 64153 $2,692,000 ($326.66/SF) 6.50% Cap Rate
Investment Highlights
- 25-YEAR ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES: Brand-New 25-Year Term Begins at Closing; Tenant Is Responsible for All Expenses
- FREESTANDING IHOP FLAGSHIP PROTOTYPE: Modern Build-to-Suit Restaurant Serving IHOP’s 24-Hour Breakfast-Centric Menu—Capturing Traffic
- 7.5 % RENT BUMPS EVERY 5 YEARS + THREE 5-YEAR OPTIONS: Predictable, Compounding Cash Flow and an Effective 40-Year Hold Horizon
- KANSAS CITY MSA (2.25 M RESIDENTS | $186 B GDP): High-Growth, Diversified Metro Straddling Missouri & Kansas; 2023 GDP $185.7B
Property Facts Under Contract
Amenities
- Freeway Visibility
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Accommodation and Food Services
- -
- -
- Triple Net
- -
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 | |
|
|
Accommodation and Food Services | - | - | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,940 SF
- Restaurant
- Outparcel
- 30 Days
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,940 SF | Restaurant | Outparcel | 30 Days |
1st Floor
| Size |
| 2,940 SF |
| Space Use |
| Restaurant |
| Position |
| Outparcel |
| Available |
| 30 Days |
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-10-12-100-004-006-000 | Improvements Assessment | $353,912 |
| Land Assessment | $385,274 | Total Assessment | $739,186 |
Property Taxes
Presented by
IHOP - Part of Zona Rosa Lifestyle Center | 8541 NW Prairie View Rd
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