8541 Prairie View RdKansas City, MO 64153

This exceptional retail investment opportunity in Kansas City, MO, presents a fee-simple ownership of an 8,241 square foot property featuring an IHOP restaurant and a vacant unit. The property, built in 2004 and renovated in 2024, sits on a 1.38-acre lot and boasts a strong 5.47% cap rate with a NOI of $174,931. The IHOP is operating under a new 20-year absolute-net lease, commencing at closing, with 10% rent increases every five years. The lease includes three, five-year options. The property benefits from exceptional visibility and convenient access from Interstate 29, seeing over 84,300 vehicles daily. Its prime location within the Zona Rosa Lifestyle Center, near major retailers like Dillard's, Dick's Sporting Goods, and Michaels, along with numerous luxury apartments, ensures high traffic and strong tenant demand. Proximity to St. Luke's North Hospital and three major schools further enhances the property's value. The surrounding area features robust demographics, including multiple large apartment complexes, supporting a thriving retail environment. This is a rare chance to acquire a well-positioned, income-producing property with significant upside potential from the vacant unit. The asking price is $3,200,000, translating to $388.30 per square foot.