» 25‑YEAR ABSOLUTE NNN LEASE | ZERO LANDLORD RESPONSIBILITIES:  Brand‑New 25‑Year Term Begins at Closing; Tenant Is Responsible for All Expenses, Including Roof, Structure, Insurance, Taxes, and CAM. 

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» 7.5 % RENT BUMPS EVERY 5 YEARS + THREE 5‑YEAR OPTIONS: Predictable, Compounding Cash Flow and an Effective 40‑Year Hold Horizon.

 

» FREESTANDING IHOP + APPLEBEE’S FLAGSHIP PROTOTYPE: Modern Build‑to‑Suit Restaurant Serving IHOP’s 24‑Hour Breakfast‑Centric Menu—Capturing Morning, Midday, and Late‑Night Traffic.

 

» KANSAS CITY MSA (2.25 M RESIDENTS | $186 B GDP): High‑Growth, Diversified Metro Straddling Missouri & Kansas; 2023 GDP $185.7 B and 2024 Population ≈ 2.25 M