Listed by Orion Real Estate Group
$3,415,850
IHOP | Corporate Guaranty | Absolute NNN
Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,769
Cap Rate 6.00%
NOI $204,951
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP
Lease Type Absolute NNN
Lease Expiration 04/22/2029
Remaining Term 2.9
Rent Bumps Yes
Lease Options One, 5-Year Option Remaining
Broker Co-Op Yes
Acreage 1.050
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Corporate Guaranty | Absolute NNN Lease | Dallas-Fort Worth MSA
Investment highlights
Corporate Guaranteed Lease | Dine Equity (NYSE: DIN)
Absolute NNN Lease
No Landlord Responsibilities
IHOP has been at this Location for 30+ Years
IHOP has Exercised Two Renewal Options Demonstrating LT Commitment to Location
10% Rental Increases Every 5-Years (Including Options)
Prime Visibility Along SW Loop 820 (Major Beltway Around Fort Worth)
Excellent Accessibility and Frontage - Signalized Access
Fee Simple Allowing for Depreciation
Located in a No Income Tax State
Listing Contacts
Listed by Orion Real Estate Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$204,951.00
$17,079.25/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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