2248 North Webb Road · Grand Island, NE 68803 · QSR / Restaurant
We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.
Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.
Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.
• 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.
We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.
Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.