4001 Wabash Ave | Springfield, IL 62711
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- LoopNet Team
4001 Wabash Ave
Springfield, IL 62711
IHOP - 16 Yr Lease w/ 120 Unit Guarantor · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 16 Years Remaining on an Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 120+ Location Operator/Guarantor
- Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
- Signalized Hard Corner Location, Easily Accessible by More Than 17,000 Cars per Day
- 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
- 75,124 Residents and 110,094 Daytime Population within a 5-Mile Radius
- Average Household Income Exceeds $144,000 in the Immediate Area
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,100 SF
Building Class
B
Year Built
2018
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.17 AC
PROPERTY TAXES
| Parcel Number | 21-11.0-457-010 | Improvements Assessment | $217,825 |
| Land Assessment | $104,237 | Total Assessment | $322,062 |
PROPERTY TAXES
Parcel Number
21-11.0-457-010
Land Assessment
$104,237
Improvements Assessment
$217,825
Total Assessment
$322,062
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