IHOP NNN Restaurant
For Sale
Contact for pricing
Pending
4383 Venture Drive, Peru, IL 61354
Fee-simple IHOP property offered with a new 20-year absolute net lease featuring scheduled rent increases and extension options.
Property SizeContact for details
Days on Market149
Property Features for 4383 Venture Drive
General Information
Standard status
Pending
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.5%
Listing Agency:
Savills Los Angeles (Downtown)
Listed By:
Shawn Bakke · License #CA 01326433
Source:
Crexi
Added: Apr 10
Changed: Sep 4
Last Checked: Sep 2 at 5:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Savills Los Angeles (Downtown)
Investment Insights
Based on property information with market context.
This fee-simple IHOP restaurant property is presented as an absolute net lease investment. Following escrow, the seller will enter a brand-new 20-year NNN lease with 10% rental increases every five years, along with four (4) five-year options to extend.
Primary access is provided via Venture Drive, an arterial road off County Road 251. Interstate 80, connecting Chicago with Des Moines and Iowa City, is approximately 0.12 miles south and generates traffic counts of ±25,000 vehicles per day. The Peru Mall, containing 72 stores and approximately 1,460,678 SF of GLA, is about 0.5 miles southwest of the property.
The offering is structured for investors seeking a long-duration, credit-based operating lease with built-in rent steps and multiple extension periods.
Primary access is provided via Venture Drive, an arterial road off County Road 251. Interstate 80, connecting Chicago with Des Moines and Iowa City, is approximately 0.12 miles south and generates traffic counts of ±25,000 vehicles per day. The Peru Mall, containing 72 stores and approximately 1,460,678 SF of GLA, is about 0.5 miles southwest of the property.
The offering is structured for investors seeking a long-duration, credit-based operating lease with built-in rent steps and multiple extension periods.
Key Highlights
- Fee‑simple IHOP restaurant at 4383 Venture Drive, Peru, Illinois
- New 20‑year NNN lease with 10% rental increases every 5 years
- Lease includes four 5‑year options to extend
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
390k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 26%
Home Improvements & Furnishings 25%
Superstores 21%
Shops & Services 17%
Target
Superstores
61,004 visits/mo
0.1 miles
Menards
Home Improvements & Furnishings
43,418 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
27,172 visits/mo
0.2 miles
Rural King
Home Improvements & Furnishings
25,499 visits/mo
0.3 miles
McDonald's
Dining
24,620 visits/mo
0.4 miles
Demographics for 61354, IL
10,447
Population
5,111
Households
2
Avg Household Size
46
Median Age
21%
College-Educated
95%
High-School Grad
42.6 sq mi
ZIP Area
245
Density / Sq Mi
$69,382
Median Household Income
$45,114
Median Earnings
$877
Median Rent
$160,100
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Master Buffet — 4241 Venture Dr, Peru, IL 61354
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee-simple IHOP property offered with a new 20-year absolute net lease featuring scheduled rent increases and extension options.
Where is this conventional restaurant located?
The property is located at 4383 Venture Drive Peru, IL.
What are key features of this property?
This property features: Fee‑simple IHOP restaurant at 4383 Venture Drive, Peru, Illinois; New 20‑year NNN lease with 10% rental increases every 5 years; Lease includes four 5‑year options to extend
