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32317734
32317735

1220 Mockingbird Lane, Sulphur Springs, TX 75482

GK
TX TX 596860, TN TN 371461
NNN Retail Advisors
BK
TX 454660
NNN Retail Advisors
Listed by NNN Retail Advisors
$1,489,600
50 days on market
Updated 1 day ago
Opportunity zone

IHOP Absolute NNN | 1% Annual Increases | 50,000+VPD

Details
Property Type Retail
Sub Type Restaurant
Square Footage 4,115
Net Rentable (SqFt) 4,115
Cap Rate 7.25%
NOI $108,006
Occupancy 100%
Tenancy Single
Brand/Tenant IHOP
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/30/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options 6/5 Year Options, 1.0% Increases Annually
Year Built 1989
Year Renovated 2012
Acreage 1.620
Investment Type Net Lease
Tenant Credit Franchisee
Lease Commencement 10/17/2012
Ground Lease No

Absolute NNN IHOP (Largest Texas Franchisee) | 1% Annual Increases | Close to Dallas/Fort Worth

Marketing description

This IHOP restaurant is located in Sulphur Springs, Texas, on a major retail corridor at the corner of I-30 and S Broadway St with 49,000 combined vehicles per day. Sulphur Springs serves as a regional hub for Northeast Texas with a stable, diversified economy supported by manufacturing, retail, healthcare, and food processing. The city is located along I-30, approximately 80-90 miles east of the Dallas-Fort Worth Metroplex, offering convenient access to DFW while maintaining strong local fundamentals and small-market stability.

The property features an Absolute NNN Lease with zero landlord responsibilities and attractive 1.0% annual increases in the initial term and in option periods. ACG Texas is the largest IHOP franchisee in the United States, operating 67 restaurants across Texas, including locations in El Paso, Amarillo, Austin, Houston, Dallas/Ft. Worth, and Waco, with exclusive development rights in large portions of the state.

Investment highlights

  • Absolute NNN Lease - Zero Landlord Responsibilities, Attractive 1% Annual Increases in Initial Term and in Option Periods
  • Major Retail Corridor of Sulphur Springs, Corner of I-30 and S Broadway St, 49,000 Combined Vehicles Per Day
  • Sulphur Springs serves as a regional hub for Northeast Texas with a stable, diversified economy supported by manufacturing, retail, healthcare, and food processing. The city is located along I-30, approximately 80-90 miles east of the Dallas-Fort Worth Metroplex, offering convenient access to DFW while maintaining strong local fundamentals and small-market stability
  • ACG Texas is the largest IHOP franchisee in the United States, operating 67 restaurants across Texas, including locations in El Paso, Amarillo, Austin, Houston, Dallas/Ft. Worth, and Waco, with exclusive development rights in large portions of the state

Listing Contacts

GK
TX TX 596860, TN TN 371461
NNN Retail Advisors
BK
TX 454660
NNN Retail Advisors
Listed by NNN Retail Advisors

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$108,006.00
$9,000.50/mo

Valuation Metrics

0
DSCR
7.25%
Cap Rate
7.25%
ROI

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Additional Information

Name
Gavin M Kam
License
TX 596860
Brokerage Phone
972-375-3437
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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