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Absolute NNN Corporate IHOP 1190 Arnold Dr 4,500 SF 100% Leased Retail Building Martinez, CA 94553 $4,299,000 ($955.33/SF) 5.35% Cap Rate
Investment Highlights
- New 12-Year Lease Extension
- 69,400+ VPD Along Highway 4
- 163,000+ Residents Within a 5-Mile Radius
- 2% Annual Rent Escalations
- 1,824+ Stores Worldwide
- $186,000 Average Household Income Within a 1-Mile Radius
Executive Summary
35 years at the same location, and they just committed to 12 more. Corporate IHOP has occupied this Martinez, CA site since 1991 and recently extended its lease through 2038, with an absolute NNN structure and 2% annual rent increases. Positioned just off Highway 4 in an established Bay Area retail node surrounded by major national retailers, this opportunity combines long-term tenant commitment, passive ownership, and a location with a proven track record.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,500 SF
Building Class
B
Year Built
1991
Price
$4,299,000
Price Per SF
$955.33
Cap Rate
5.35%
NOI
$229,997
Percent Leased
100%
Building Height
1 Story
Building FAR
0.18
Lot Size
0.58 AC
Zoning
C
Frontage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 377-112-019-7 | Improvements Assessment | $2,355,881 |
| Land Assessment | $1,337,122 | Total Assessment | $3,693,003 |
Property Taxes
Parcel Number
377-112-019-7
Land Assessment
$1,337,122
Improvements Assessment
$2,355,881
Total Assessment
$3,693,003
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