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33291963
33291964

2248 North Webb Road, Grand Island, NE 68803

KM
NE 20170883
Matthews
Listed by Matthews
$2,496,000
0 days on market
Updated 0 days ago
Opportunity zone

2248 North Webb Road

Details
Property Type Retail
Cap Rate 6.25%
NOI $156,000
Tenancy Single
Remaining Term 15
Year Built 2021
Acreage 0.820
Ground Lease No

Absolute NNN IHOP with 15-Year Lease and Built-In Rent Escalations

Investment highlights

• Long-Term ABS NNN Lease | 15 Years Remaining: The tenant has executed an absolute NNN lease with zero landlord responsibilities and built-in 10% rent increases every five years.

• Three Additional Five-Year Options: Beyond the primary term, the tenant holds three renewal options, providing potential occupancy well into the 2040s.

• Inflation-Protected Income: 10% rent bumps every five years drive the yield from a 6.25% entry cap to 7.56% by Year 11, with option period floors reaching 10.07% over the full hold.

• Dominant Retail Corridor on N. Webb Road / US-281: Positioned along one of Grand Island's primary north/south commercial arteries at the intersection of W. Capital Avenue, ensuring consistent daily traffic and strong retail visibility.

• Highway 281 Corridor Access: Direct frontage and access along US-281, a major regional corridor connecting Grand Island to Hastings and Kearney to the south and Columbus to the north, capturing significant transient and drive-through customer volume.

• Power Retail Synergy: Surrounded by high-traffic national anchors including Walmart Supercenter, Sam's Club, Culver's, Chick-fil-A, Denver Mattress, Menards, OfficeMax, Sleep Number, and Subway, driving consistent repeat visitation and reinforcing long-term real estate value.

• Northwest Commons Submarket: Located within the dominant retail node in Grand Island, the Northwest Commons corridor represents the highest concentration of national retail in the market.

• Dominant Breakfast Brand: IHOP is a household name with over 1,800 locations nationwide, franchised under Dine Brands Global, Inc. (NYSE: DIN).

• Experienced Franchisee: An established multi-state IHOP operator managing 16 locations across Kansas, Missouri, and Texas.

• Purpose-Built, Modern Asset: Constructed in 2021 on a 0.82-acre freehold site, this location reflects a long-term capital commitment by the franchisee and represents a flagship-quality asset within the regional IHOP system.

Listing Contacts

KM
NE 20170883
Matthews
Listed by Matthews

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,000.00
$13,000.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Kyle Matthews
License
20170883, 35320 (NE)
Brokerage
Matthews Real Estate Investment Services, Inc
Title
Broker of Record
Brokerage Address
1600 West End Ave, Ste. 1500 Nashville, TN 37203
Name
Kyle Matthews, CCIM
License
20170883
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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