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28927956
28927957

1735 N Bishop Ave, Rolla, MO 65401

DS
MO 2008013520, KS 00249685 (+1)
Marcus & Millichap
JN
MO 2025007018, IL 475216742
Marcus & Millichap
Listed by Marcus & Millichap
$2,400,000
175 days on market
Updated 2 days ago

IHOP Absolute Net Lease

Details
APN 71-09-1.0-02-001-007-006.000
Property Type Retail
Sub Type Restaurant
Square Footage 4,646
Net Rentable (SqFt) 4,646
Units 1
Cap Rate 5.5%
NOI $132,000
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP
Lease Type Absolute NNN
Lease Term 12
Remaining Term 12
Lease Options Four Five Year Options
Pro-Forma Cap Rate 5.5%
Pro-Forma NOI $132,000
Price per SqFt $517
Broker Co-Op Yes
Class A
Year Built 2016
Year Renovated 2016
Buildings 1
Stories 1
Acreage 1.300
Zoning Commercial
Investment Type Net Lease
Tenant Credit Franchisee
Ground Lease No
Ownership Fee Simple

IHOP- ABSOLUTE NET LEASE WITH 12 YEARS

Marketing description

Marcus & Millichap is pleased to present the IHOP property located at 1735 N Bishop Ave in Rolla, MO featuring a 4,646 square foot Building situated on 1.3 acres of land with a High Rise Pole Sign visible from Interstate 44.

The area surrounding the property features national chains such as Starbucks, Panera, Buffalo Wild Wings, Taco Bell, Hardee's, Dairy Queen.

Interstate 44 & North Bishop Road (Old Route 66) is the gateway to Rolla, MO, county seat of Phelps county and home to Missouri S&T, consistently rated as one of the top engineering and technology universities in the United States and Phelps Health Hospital a 240 bed regional hospital servicing 6 adjacent counties with over 1900 employees. Due to its location between St Louis and Springfield, the area continues to grow and see new development of new national chains showing interest in the area, Healthcare and the University based economy.

Rolla's top features include its strong connection to Route 66, the presence of Missouri University of Science and Technology (Missouri S&T) (with its Stonehenge replica), rich Ozark outdoor recreation (Meramec Spring Park, Mark Twain National Forest access), family fun at Fugitive Beach, local flavors from wineries and breweries, and a blend of small-town charm with cultural spots like the Ozark Actors Theatre and Phelps County Courthouse.

Investment highlights

  • High Traffic IHOP Located off Interstate 44 on Bishop Rd (Old Route 66) with over 20,000 Vehicles Per Day

  • 12 Year Absolute NNN Lease with Zero Landlord Responsibilities

  • Close to Missouri Science & Technology, one of the Top Engineering and Tech Universities in the US

  • Surrounded by National chains such as Starbucks, Panera, Buffalo Wild Wings, Taco Bell, Hardee's and DQ.

  • Close to Phelps Health Hospital a 240 bed regional hospital servicing 6 adjacent counties with over 1900 employees.

Listing Contacts

DS
MO 2008013520, KS 00249685 (+1)
Marcus & Millichap
JN
MO 2025007018, IL 475216742
Marcus & Millichap
Listed by Marcus & Millichap

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$132,000.00
$11,000.00/mo

Valuation Metrics

0
DSCR
5.5%
Cap Rate
5.5%
ROI

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Additional Information

Name
Dave Saverin
License
MO 200813520
Brokerage
Marcus & MIllichap Real Estate Investment Services, Inc.
Brokerage Phone
314-889-2555
Title
Broker of Record
Brokerage Address
7800 Forsyth Blvd, Suite 710, St Louis, MO 63105
Name
Dave Saverin
License
2008013520
Brokerage
Marcus & MIllichap
Brokerage Phone
(314)889-2555
Title
Real Estate Broker
Brokerage Address
7800 Forsyth Boulevard
Name
Jake Nowak
License
2025007018
Brokerage
Marcus & Millichap
Brokerage Phone
3148892565
Title
Associate Investments
Brokerage Address
7800 Forsyth Boulevard
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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