3804 N Belt Hwy - Restaurant FOR SALE
Saint Joseph, MO 64506 |
$2,461,000 USD
954-246-3646
3804 N Belt Hwy
Saint Joseph, MO 64506
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
- Beyond the primary term, the tenant holds three renewal options, providing potential occupancy through 2063
- 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%
- Situated on N. Belt Highway, the primary north/south commercial artery in St. Joseph, MO, ensuring consistent daily traffic and retail activity
- Proximity to I-29, a major north-south corridor connecting Kansas City to Omaha, captures significant transient and regional customer volume
- Surrounded by a complementary cluster of high-traffic national brands including Walmart, Lowe's, Home Depot, Target, Dick's Sporting Goods, Walgreens
FOR SALE DETAILS
PRICE
$2,461,000 USD
PRICE/SF
$485 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2009
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
03-8.0-34-002-001-122.000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
954-246-3646
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
954-246-3646
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
