1501 Tamiami Trl | Punta Gorda, FL 33950
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1501 Tamiami Trl
Punta Gorda, FL 33950
IHOP · Retail Property For Sale
Investment Highlights
- IHOP has been operating in this location for 45 years and has renewed their lease until 2032, showing their commitment to the site
- Sunshine Restaurant Partners LLC operates more than 150 IHOP restaurants throughout Florida and southern Georgia with goals to expand
- Property presents a value add opportunity to a new owner by bringing the rent to a current market level
- Signalized corner of Tamiami Trail (Route 41) in Punta Gorda (33,000 VPD) and W. Grace Street, just 2 miles from on/offramps to I-75 (63,301 VPD)
- The long-term (9+ years) NNN lease with no landlord responsibilities is well-suited to a passive investor
- Pop. density of more than 50,000 within 5 miles of the property and AHI that exceeds $105,000 within 3 miles of the property
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,328 SF
Building Class
C
Year Built
1978
Tenancy
Single
Building Height
1 Story
Slab To Slab
14’
Building FAR
0.11
Lot Size
0.69 AC
Zoning
CG
Parking
48 Spaces (12.8 Spaces per 1,000 SF Leased)
Frontage
100’ on Tamiami
Amenities
- Bus Line
- Freeway Visibility
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 412307182007 | Improvements Assessment | $379,045 |
| Land Assessment | $384,056 | Total Assessment | $763,101 |
Property Taxes
Parcel Number
412307182007
Land Assessment
$384,056
Improvements Assessment
$379,045
Total Assessment
$763,101
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