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428 Ponce De Leon Ave NE
Atlanta, GA 30308
IHOP | Midtown Atlanta · Retail Property For Sale
PROPERTY FACTS
ABOUT 428 PONCE DE LEON AVE NE , ATLANTA, GA 30308
Marcus & Millichap is pleased to offer for purchase the IHOP Restaurant in Midtown Atlanta, GA. This trophy property is located in the heart of metro Atlanta on one of the most desirable corridors, Ponce De Leon Avenue, and is subject to a 30-year lease with 22 years of remaining term. The lease includes 10% rent increases every 5 years for the next 20 years, dramatically improving the investor’s return. Store sales have performed consistently well above the national average for both the small and large IHOP restaurant footprints. Further, the close proximity to public transportation, major highways, multi-family apartments, and thousands of employers have helped make this restaurant very valuable to the IHOP system.
PROPERTY TAXES
| Parcel Number | 14-0048-0010-058-1 | Improvements Assessment | $131,240 |
| Land Assessment | $516,600 | Total Assessment | $647,840 |
PROPERTY TAXES
