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IHOP Restaurant 13100 Us Highway 301 5,304 SF Retail Building Dade City, FL 33525 $1,695,000 ($319.57/SF) 6.02% Cap Rate
Investment Highlights
- Income Tax Free State
- Below Market Rent
- Tampa–St. Petersburg–Clearwater MSA, one of the largest metropolitan areas in the Southeast with a population of approximately 3.42 million
- Placer.ai estimates the location generates approximately $1.5 million in annual sales, reflecting a healthy rent-to-sales ratio of just 6.8%
- Sunshine Restaurant Partners, is one of the largest IHOP franchisees in the United States with over 153+ Restaurants
Executive Summary
Marcus & Millichap is pleased to present the exclusive listing of an absolute net leased IHOP restaurant located at 13100 US-301 in Dade City, Florida. The property is backed by Sunshine Restaurant Partners — one of the largest IHOP franchisees in the United States with 150+ locations. The 5,304 SF building sits on 0.97 acres along US Route 301, a primary retail corridor with nearly 29,000 vehicles per day, and benefits from its position within the high-growth Tampa–St. Petersburg–Clearwater MSA. With a true absolute net lease structure, four 5-year renewal options with rent escalations, and a below-market rent.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,304 SF
Year Built
1984
Price
$1,695,000
Price Per SF
$319.57
Cap Rate
6.02%
NOI
$102,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.97 AC
Zoning
CG
Amenities
- Fenced Lot
- Pylon Sign
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
40/100
Very drivable
80/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 35-24-21-0000-03600-0000 | Improvements Assessment | $550,141 |
| Land Assessment | $343,771 | Total Assessment | $893,912 |
Property Taxes
Parcel Number
35-24-21-0000-03600-0000
Land Assessment
$343,771
Improvements Assessment
$550,141
Total Assessment
$893,912
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IHOP Restaurant | 13100 Us Highway 301
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