IHOP

2800 S Interstate 35E, Denton, TX 76210

$3,700,000

Cap Rate 5.00%

Views: 106 DOM: 62 Updated: 11.15.24 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 15.1	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...

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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

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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...

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Listing Broker

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