25619 N I-45 | Spring, TX 77380
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25619 N I-45
Spring, TX 77380
IHOP · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Optional Assumable Loan With 5.75% Fixed Interest Rate With Approximate 2.6 Million Balance For Qualified Buyer
- Largest Franchisee of IHOP in the Country ±300 Units | High-Performing Store Sales Location | Above IHOP's National Average Unit Volume
- Over 20 Years of Operational History at Location & Tenant Recently Signed a Brand New 15-Year Lease instead of Exercising a 5-Year Renewal Option
- Absolute-Net Lease with 16 Years Remaining | Zero Landlord Responsibilities
- Houston MSA Five-Mile Population & Average Income of 210,967 & $140,261 Respectively
- Excellent Access and Visibility from Interstate 45 with over 238,438 VPD and over 33,237 VPD Directly in front of Subject Property
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,677 SF
Building Class
B
Year Built
1995
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.19 AC
Zoning
N/Ap, County - Commercial
Parking
40 Spaces (7.05 Spaces per 1,000 SF Leased)
Frontage
77’ on I-45 Fwy
AMENITIES
- Freeway Visibility
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 2900-00-00220 | Improvements Assessment | $880,971 |
| Land Assessment | $1,342,068 | Total Assessment | $2,223,039 |
PROPERTY TAXES
Parcel Number
2900-00-00220
Land Assessment
$1,342,068
Improvements Assessment
$880,971
Total Assessment
$2,223,039
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