IHOP NNN Restaurant
4383 Venture Drive Peru, IL 61354
4383 Venture Drive, Peru, IL, 61354
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For Sale
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Pending
Fee-simple IHOP property offered with a new 20-year absolute net lease featuring scheduled rent increases and extension options.
Days on Market105
Property Features for 4383 Venture Drive
General Information
- Standard status
- Pending
- Property subtype
- Retail
Listing agency
Savills Los Angeles (Downtown)
Listed by
Shawn Bakke · License #CA 01326433
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 3:13PM Checked: Jul 22 at 3:13PM
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
Location Intelligence
Current Use by Public Records
IHOP
Restaurant
Similar For Sale Nearby
Similar Off Market Nearby
- Master Buffet — 4241 Venture Dr, Peru, IL 61354
FAQs
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
