428 Ponce De Leon Ave NE
Atlanta, GA 30308
IHOP | Metro 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 in Midtown Atlanta, GA. This trophy property is located in the heart of Metro Atlanta on one of the most desirable and traveled corridors, Ponce De Leon Ave NE. The asset is subject to a 30 year, absolute net lease with 22 years of remaining term. The lease includes 10% rent increases every 5 years, dramatically improving the investor's return. The next rent bump will occur in 2020, and a store interior/exterior remodel is scheduled to begin in 2019. 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
