IHOP

111 Interstate 20, Marshall, TX 75672

$2,285,714

Cap Rate 7.00%

Views: 109 Updated: 04.01.24 Posted: 09.08.23 Status: Inactive 03.27.24

Summary

Price $2,285,714	Built/Renov 2003	Tenant IHOP
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 4,592	Lease Start 12-01-2023	#Units 6
Price/SF $497.76	Expiration 11-30-2033	Tenant Type Casual Dining
NOI $160,000	R. Term 8.11	Ownership Fee Simple
Rent/SF $34.84	Increases 2.0%/1/yrs	Pop 5Mi 67,129
Lot/AC 1.37	Options 4/5yrs/2%	AHHI 5Mi $67,129

Peter Deltondo

Marcus & Millichap

Contact

Lease Highlights

IHOP will be signing a brand-new 10-year lease with 4 (5-year) options to extend at the close of escrow
Lease features 2% annual rental increase every 5 years throughout the initial term and at the start of each option
Absolute NNN | Zero landlord responsibilities
Franchisee guaranteed (6 units)

Location Description

This IHOP is positioned with exceptional visibility and convenient access from Interstate 20, a route frequented by more than 30,900+ vehicles daily. The subject property is surrounded by multiple hotels and is near Texas State Technical College, which boasts an enrollment of over 850 students. In addition, East Texas Baptist University is situated 5 miles away (1,771 students) and Wiley...

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Key Features

Major thoroughfare
Freeway visibility
University college close
Strong tenant synergy
Income tax free state
Brand new lease
Absolute NNN
Long 10+ yr lease
Annual rent increases
Publicly traded company

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Links

IHOP Wikipedia IHOP Wikipedia Marshall, Texas Zip Code 75672 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: IHOP
Guarantor:Franchisee
Company:Haidar Properties
# Units:6
Stock: NYSE: DIN

About Tenant

IHOP (acronym for International House of Pancakes) is an American multinational pancake house restaurant chain that specializes in breakfast foods. While IHOP's focus is on breakfast, serving...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	340	8,370	24,091
2023 Total Population :	334	8,337	24,183
2023 Employed Civilian Pop :	97	3,142	9,150
2023 Total Businesses :	76	375	1,229
2023 Average Household Income :	$ 79,619	$ 73,856	$ 65,641
2023 Total Consumer Spending :	$ 8 M	$ 204 M	$ 511 M
2023 Median Age :	42	40	36
2023 Total Households :	127	3,163	8,886
2023 Pop Age 25+: Bachelor's Degree :	31	1,027	2,509
2023 Average Home Value :	$ 222,500	$ 222,817	$ 205,448

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
East End Boulevard South	Beth Ann Dr	2020	15,760	0.10 mi
East End Boulevard South	Beth Ann Dr	2021	16,644	0.10 mi
E End Blvd S	Beth Ann Dr	2002	17,600	0.11 mi
E End Blvd S	S Washington	2002	12,300	0.37 mi
US Highway 59 South	Person Rd	2021	11,555	0.71 mi
	Alice Hope Rd	2021	1,371	1.04 mi
TX 121	Middle Roseborough Spring Rd	2020	30,917	1.55 mi
	Middle Roseborough Spring Rd	2019	35,292	1.58 mi
East End Boulevard South	Civic Center Drway	2021	17,556	2.13 mi
East Pinecrest Drive	Mall Dr	2020	9,545	2.36 mi

Listing Broker

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