2248 N Webb Rd - Restaurant FOR SALE
Grand Island, NE 68803 |
$2,496,000 USD
866-889-0550
2248 N Webb Rd
Grand Island, NE 68803
HIGHLIGHTS
- Long-Term ABS NNN Lease | 15 Years Remaining: The tenant has executed an absolute NNN lease with zero landlord responsibilities
- Three Additional Five-Year Options: Beyond the primary term, the tenant holds three renewal options
- Inflation-Protected Income: 10% rent bumps every five years drive the yield from a 6.25% entry cap to 7.56% by Year 11
- Power Retail Synergy: Surrounded by high-traffic national anchors including Walmart Supercenter, Sam’s Club, Culver’s, Chick-fil-A, Denver Mattress
- Northwest Commons Submarket: Located within the dominant retail node in Grand Island
- Dominant Breakfast Brand: IHOP is a household name with over 1,800 locations nationwide
FOR SALE DETAILS
PRICE
$2,496,000 USD
PRICE/SF
$540 USD /SF
CAP RATE
6.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2021
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.82 AC
LAND SF
35,719 SF
ZONING
B-2
APN/PARCEL ID
400137743
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866-889-0550
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866-889-0550
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