Absolute Net-Leased IHOP
For Sale
$2,016,000
4337 Chouteau Trafficway, Kansas City, MO 64117
Freestanding IHOP on an NNN lease with strong highway frontage and a recently commenced 21-year term.
Property Size4,387 SF
Lot Size0.62 Acres
Price / SF$459.54
Days on Market96
Property Features for 4337 Chouteau Trafficway
General Information
Standard status
Active
Size
4,387 SF
Lot size
0.62 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Traffic Count
35,568 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.2%
Amenities
New 21 Year Absolute NNN Lease
Absolute NNN | No Landlord Responsibilities
Experienced Operator | 45+ Years of Industry Experience Operating Restaurants
Outparcel to Target & Grocer Anchored Center
Attractive Increases | 10% Every 5-Years
Fee Simple Ownership | Allows for Depreciation
Building Details
Building Size
4,387 SF
Year Built
2001
Tenancy
Single
Listing Agency:
Marcus & Millichap
Listed By:
Ricardo Esteves · License #License(s): FL: BK3402581
(786) 522-7054
Source:
Marcusmillichap
Added: Jun 11
Changed: Sep 6
Last Checked: Sep 13 at 4:02AM
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 Marcus & Millichap
Investment Insights
Based on property information with market context.
This absolute net-leased IHOP restaurant is a freestanding, single-tenant property built in 2001. The building totals 4,387 square feet and sits on a 0.62-acre parcel. The offering is structured as an absolute triple-net (NNN) lease, with the current lease commenced August 1, 2025, and includes 10% rental increases every five years.
The property is located at 4337 Chouteau Trafficway in Kansas City, Missouri, with frontage and visibility along Chouteau Trafficway, described as a major north-south thoroughfare. The site also offers direct frontage along Interstate 35, with daily traffic volumes exceeding 35,568 vehicles, supporting strong regional visibility and access. The location is positioned as an outparcel to a Target and a grocer-anchored center, within a corridor that includes dense residential neighborhoods and national retail.
For tenants, operators, and investors seeking a long-term, single-tenant NNN structure, this IHOP is leased to an experienced multi-unit IHOP franchisee. The 21-year lease term and scheduled 10% increases every five years provide a defined, contractual rental framework starting August 1, 2025.
The property is located at 4337 Chouteau Trafficway in Kansas City, Missouri, with frontage and visibility along Chouteau Trafficway, described as a major north-south thoroughfare. The site also offers direct frontage along Interstate 35, with daily traffic volumes exceeding 35,568 vehicles, supporting strong regional visibility and access. The location is positioned as an outparcel to a Target and a grocer-anchored center, within a corridor that includes dense residential neighborhoods and national retail.
For tenants, operators, and investors seeking a long-term, single-tenant NNN structure, this IHOP is leased to an experienced multi-unit IHOP franchisee. The 21-year lease term and scheduled 10% increases every five years provide a defined, contractual rental framework starting August 1, 2025.
Key Highlights
- Freestanding, single‑tenant IHOP restaurant at 4337 Chouteau Trafficway in Kansas City, MO
- 4,387 SF building constructed in 2001 on a 0.62‑acre parcel
- Absolute triple‑net (NNN) lease executed with a multi‑unit IHOP franchisee; commenced August 1, 2025 for 21 years
Property Analytics
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Open Analytics
Current Use
Lease Details
35,568 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
134k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 44%
Shops & Services 6%
Beauty & Spa 2%
Target
Superstores
63,258 visits/mo
0.2 miles
McDonald's
Dining
27,067 visits/mo
0.1 miles
Chipotle Mexican Grill
Dining
9,961 visits/mo
0.1 miles
Wingstop
Dining
7,750 visits/mo
0.1 miles
IHOP
Dining
6,486 visits/mo
0.1 miles
Demographics for 64117, MO
15,155
Population
7,091
Households
2.1
Avg Household Size
35
Median Age
21%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
2,526
Density / Sq Mi
$59,219
Median Household Income
$41,738
Median Earnings
$1,034
Median Rent
$173,500
Median Home Value
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Market
Vacancy Rate% for Retail in Kansas City, MO
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Freestanding IHOP on an NNN lease with strong highway frontage and a recently commenced 21-year term.
Where is this breakfast & diner located?
The property is located at 4337 Chouteau Trafficway Kansas City, MO.
What is the asking price?
The asking price for this property is $2,016,000.
What are key features of this property?
This property features: Freestanding, single‑tenant IHOP restaurant at 4337 Chouteau Trafficway in Kansas City, MO; 4,387 SF building constructed in 2001 on a 0.62‑acre parcel; Absolute triple‑net (NNN) lease executed with a multi‑unit IHOP franchisee; commenced August 1, 2025 for 21 years
