IHOP | $3,995,000 | 6.50% CAP
Nestled within the vibrant Zona Rosa Lifestyle Center, this retail investment property commands attention with its exceptional location and diverse offerings. Anchored by retail giants like Dillard's, Dick's Sporting Goods, and Michaels, the center draws in a constant flow of shoppers from the surrounding area. The property is underpinned by a secure 25-year absolute-net lease with IHOP, featuring 7.5% rent increases every five years, ensuring a steady and growing income stream for investors. With visibility and accessibility from Interstate 29, proximity to the 160-bed St. Luke's North Hospital, and its location within a mile of local schools serving over 3,300 students, this property capitalizes on an ideal intersection of convenience and demand. The surrounding area's robust demographics, underscored by multiple multifamily apartment buildings, further emphasize the appeal and investment potential of this prime location within Zona Rosa.