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IHOP | Tyler, TX 209 S Southwest Loop 323 4,464 SF Retail Building Tyler, TX 75702 $2,200,000 ($492.83/SF) 6.70% Cap Rate
Investment Highlights
- Single-Tenant IHOP – Outparcel to Walmart Supercenter
- 7 Years Remaining with Six 5-Year Options
- ACG Texas Is the Largest IHOP Franchisee in the U.S. with 62 Units
- Absolute NNN Lease; Zero Landlord Responsibilities
- 1% Annual Rent Increases
- Excellent Accessibility and Visibility; High-Traffic Location Along Loop 323
Executive Summary
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- -
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 1-50000-1253-01-005010 | Improvements Assessment | $584,403 |
| Land Assessment | $665,597 | Total Assessment | $1,250,000 |
Property Taxes
Presented by
IHOP | Tyler, TX | 209 S Southwest Loop 323
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