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- LoopNet Team
US Highway 301
Riverview, FL 33578
IHOP · Land For Sale
·
1.00 AC
INVESTMENT HIGHLIGHTS
- Newly constructed IHOP in the Tampa-St. Petersburg-Clearwater Metropolitan Area
- IHOP is owned by Dine Brands Global (NYSE: DIN), one of the largest casual dining restaurant chains in the world with 3,628 locations
- Annual rent increases provide hedge against inflation
- Guarantee from 150+ unit franchisee with exclusive rights to FL and Southern GA
- 15-year ground lease with zero landlord maintenance obligations
- Outparcel to Summerfield Crossing, a new Sprouts Farmers Market anchored shopping center
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 1.00 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Commercial | ||
| Zoning | PD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.00 AC |
| No. Stories | 1 |
| Zoning | PD |
DESCRIPTION
- Newly constructed IHOP in the Tampa-St. Petersburg-Clearwater Metropolitan Area - Guarantee from 150+ unit franchisee with exclusive rights to FL and Southern GA - IHOP is owned by Dine Brands Global (NYSE: DIN), one of the largest casual dining restaurant chains in the world with 3,628 locations - 15-year ground lease with zero landlord maintenance obligations - Annual rent increases provide hedge against inflation - Outparcel to Summerfield Crossing, a new Sprouts Farmers Market anchored shopping center - Strategically located along US Hwy 301, the dominant retail thoroughfare serving Riverview with over 50,000 cars/day - The Tampa MSA currently ranks fifth in the Nation with a net migration of 115 people moving to the area every day - Over 7,400 homes are either under construction or recently built within the local trade area making Riverview one of the fastest growing markets in Florida - Florida has no state income tax
PROPERTY TAXES
| Parcel Number | U-04-30-20-ZZZ-000002-79960.1 | Improvements Assessment | $594,984 |
| Land Assessment | $810,216 | Total Assessment | $1,405,200 |
PROPERTY TAXES
