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| Price $2,031,600 | Built/Renov 2002 | Tenant IHOP (LH) |
| Cap Rate 10.00% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
5,990
| Lease Start
10-30-2022
| #Units
1,841
|
| Price/SF $339.17 | Expiration
07-31-2026
| Tenant Type Casual Dining |
| NOI $203,160 | R. Term 1.7 | Ownership Leasehold |
| Rent/SF
$33.92
| Increases 10.0%/3/yrs | Pop 5Mi 291,008 |
| Lot/AC 0.36 | Options 3/5yrs/10% | AHHI 5Mi $62,451 |
| | |
IHOP is located on the hard corner intersection of North Goodman Street & New York 104 Service Road which sees a combined 15,975 vehicles per day and just off New York 104 Freeway which sees 71,516 vehicles per day. Located in a dense retail corridor, the asset is within proximity to multiple national/credit tenants including Target, Macy’s Sears, Marshalls, Starbucks, Home Depot, Dunkin,...
...Hard corner intersection
In location for years
High traffic 50M+ VPD
Near major nationals
Hospital close
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Corporate Guarantee
Publicly traded company
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 15,365 | 123,893 | 297,455 |
| 2023 Total Population : | 15,426 | 124,121 | 298,965 |
| 2023 Employed Civilian Pop : | 6,012 | 54,105 | 140,040 |
| 2023 Total Businesses : | 544 | 3,412 | 10,181 |
| 2023 Average Household Income : | $ 60,216 | $ 70,353 | $ 76,769 |
| 2023 Total Consumer Spending : | $ 336 M | $ 3294 M | $ 8976 M |
| 2023 Median Age : | 43 | 38 | 38 |
| 2023 Total Households : | 6,373 | 53,393 | 133,571 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,848 | 15,499 | 42,041 |
| 2023 Average Home Value : | $ 213,586 | $ 198,866 | $ 213,222 |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
