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742 S 1270 W
Payson, UT 84651
Absolute NNN IHOP · Retail Property For Sale
PROPERTY FACTS
ABOUT 742 S 1270 W , PAYSON, UT 84651
Absolute NNN IHOP sale leaseback. 15 year NNN lease with 1% annual escalations. Corporate guarantee from Peak Restaurant Partners (38 units). Interstate location just off I-15 across from Walmart Supercenter. PEAK RESTAURANT PARTNERS: (TENANT SIGNING LEASE) Argonne formed Peak Restaurant Partners (PRP) in 2011 to acquire a group of IHOP restaurants located in Utah, California, Idaho, Montana,Wyoming, South Dakota and Colorado. To date, PRP operates 38 restaurants generating over $51 million in sales. The Company has exclusive development rights to many of the territories its restaurants are located and is looking to strategically grow its footprint and stronghold in these areas.
PROPERTY TAXES
| Parcel Number | 40-330-0011 | Improvements Assessment | $879,800 |
| Land Assessment | $606,100 | Total Assessment | $1,485,900 |
PROPERTY TAXES
