20014 153rd St - Restaurant FOR SALE


Olathe, KS 66062
$1,938,400 USD
314-889-2555
20014 153rd St, Olathe, KS for Sale
$1,938,400 USD
Restaurant - FOR SALE
1/5
null | 6.5% Cap Rate

20014 153rd St
Olathe, KS 66062


HIGHLIGHTS

  • Brand New 10-Year Absolute Triple-Net (NNN) Lease - Recent 2023 Renovation
  • Low Rent Factor - Allowing for Future Upside Potential
  • 7.5% Rental Increases Every 5 Years with Multiple Renewal Options
  • Growing Trade Area in the Kansas City MSA - 135,761 Residents within a 5-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

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.

FOR SALE DETAILS

PRICE

$1,938,400 USD

PRICE/SF

$380 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP | New 10-Yr Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

CP-2

APN/PARCEL ID

DP13690000-0005

ASK ABOUT THIS PROPERTY

Dave SaverinMarcus & MillichapMore Info
314-889-2555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Dave SaverinMarcus & MillichapMore Info
314-889-2555

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.