Restaurant For Sale • 8,241 SF
| 25-YEAR ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES: Brand-New 25-Year Term Begins at Closing; Tenant Is Responsible for All Expenses |
| 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 Traffic |
| KANSAS CITY MSA (2.25 M RESIDENTS | $186 B GDP): High-Growth, Diversified Metro Straddling Missouri & Kansas; 2023 GDP $185.7B |
| Cap Rate: | 6.50 % |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| IHOP |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Kansas City International | 12 min | - | 7.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 100 |
| Type: | Surface |
| Included in Rent: | Yes |