AVAILABILITY DETAILS
- Size
- 4,010 SF
- Price/SF
-
Show Pricing $
- Listing ID
- SA533465
- Notes
- Offering summary
NOI : $ 137,500
Cap Rate 9.0%
Lease expiration 9/30/2038
14 years Lease term remaining
Building Area 4,010 SF
Land Area 42,732 SF
Year Built 2014
Parking Spaces 66
In addition, there are two, 5 year options to renew
Highlights
• ±4,010 SF building on ±42,732 SF of fee simple land • Operated as an IHOP by a multi-unit franchisee • 14 years remaining on lease, and
two five-year options
• Outparcel to a Home Depot & Lowes
anchored power center
• Close proximity to synergistic National Retailers
such as McDonald’s Del Taco, Wendy’s, Burger
King, Jersey Mike’s, Subway, Applebee’s,
T-Mobile, Auto Zone, and Starbucks
• Situated on heavily trafficked Main
Street/Highway 6 (21,760 VPD)
- Uses
- Retail
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.
Listing provided courtesy of
Chris Maling, Avison Young