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2219 Gallatin Pike N
Madison, TN 37115
IHOP · Retail Property For Sale
Investment Highlights
- ABS NNN lease structure with zero landlord responsibilities
- The property is operated by one of the largest franchise companies in the country, Sun Holdings, who acquired the operations of this location in 2020
- Strong Hedge against inflation – 10% rental increases every 5 years
- Established Presence – IHOP has been operating at this location for over 20 years, showing a strong commitment to the site.
- Phenomenal location – less than +15 miles from Downtown Nashville, sees over 39,000 VPD, and there over 101,165 people in a 5-mile radius
- Low rent for the market, mitigating risk at the end of base term
Property Facts
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,705 SF
Building Class
B
Year Built
1995
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.72 AC
Zoning
R20
Parking
60 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
77’ on Gallatin Pike
Amenities
- Pylon Sign
- Signalized Intersection
Property Taxes
| Parcel Number | 026-15-0-041 | Improvements Assessment | $291,640 |
| Land Assessment | $376,360 | Total Assessment | $668,000 |
Property Taxes
Parcel Number
026-15-0-041
Land Assessment
$376,360
Improvements Assessment
$291,640
Total Assessment
$668,000
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