IHOP

2800 S Interstate 35E, Denton, TX 76210

$3,700,000

Cap Rate 5.00%

Views: 91 DOM: 40 Updated: 10.10.24 Posted: 09.20.24 Status: Active

Summary

Price $3,700,000	Built/Renov 2024	Tenant IHOP
Cap Rate 5.00%	Lease Type Abs NNN	Guarantor Franchisee
Size/SF 3,750	Lease Start 12-31-2024	#Units 85
Price/SF $986.67	Expiration 12-31-2039	Tenant Type Casual Dining
NOI $185,000	R. Term 15.2	Ownership Fee Simple
Rent/SF $49.33	Increases 1.0%/1/yrs	Pop 5Mi 162,991
Lot/AC 1.50	Options 6/5yrs/1%	AHHI 5Mi $107,608

Mike Sladich

Northmarq

Contact

Lease Highlights

Brand new 2024 construction
New 15-year lease with 6 (5-year) options to extend
The lease features 1% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Lease guaranteed by ACG Texas (85 units backed)

Location Description

IHOP is strategically located on S Interstate 35E, with access to a substantial daily traffic count of 101,648 vehicles. The property is an outparcel to a Buc-ee's convenience store, which had about 5.4 million visits in the past year, making it the top gas station within a 15-mile radius, the 8th most visited in Texas, and the 20th nationally according to Placer.ai. It is next to a dense...

...

Key Features

New construction
Dense retail corridor
Shopping Ctr out-parcel
Highway location
Strong demographics
Income tax free state
Brand new lease
Long 15+ yr lease
Absolute NNN
50+ unit franchisee backed

...

Links

IHOP Wikipedia IHOP Wikipedia Denton, Texas Zip Code 76210 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: IHOP
Guarantor:Franchisee
Company:ACG Texas
# Units:85
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...

...

Listing Broker

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT