Restaurant
IHOP | Rare Dallas Location
2310 Stemmons Trail, Dallas, TX 75220
Listing Price: $3,300,000
Investment Overview
Marcus & Millichap is pleased to present the rare opportunity to acquire an IHOP in Dallas. The subject property is a 5,334-square-foot building on approximately 0.92 acres of land. Located in the highly desirable North Dallas market, the asset is situated near the intersection of multiple, highly traveled highways including Interstate 35, Northwest Highway, Highway 384, Highway 482 and Walton Walker Texpress. The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation wit an aggregate of more than 7.1 million residents. Dallas/Fort Worth population growth in recent years ranks among the highest in the U.S for a major metro. Strong job growth continually draws new residents to the region. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The original 20-year lease is guaranteed by ACG Texas, L.P. an affiliate of it's parent company, Argonne Capital Group, who is the largest franchisee of IHOP in the country. Argonne Capital Group is a private investment firm based in Atlanta, Georgia. With roughly 300 IHOP restaurants, 150 On The Border restaurants and 120 Applebee's restaurants, Argonne has a significant presence in the casual dining segment.
IHOP | Rare Dallas Location
Investment Highlights
- Rare Opportunity to Acquire High-Performing IHOP in Desirable Dallas Location
- Absolute-Net Lease | Zero Landlord Responsibilities
- Point of Intersection for Multiple Highways including Interstate 35, Northwest Hwy, Hwy 384, Hwy 482 and Walton Walker Texpress
- Over 31,082 VPD Directly in Front of Subject Property with an Additional 200,000 VPD from Interstate 35
- Three-Mile Population of 79,869 and Five-Mile Population of 255,966
- Northwest Highway Corridor that includes Dallas Love Field Airport, Starbucks, Raising Cane's, McDonald's, Napa Auto Parts and more
- Largest Franchisee Operator of IHOP in the Country
- Four Five-Year Renewal Options with 1.25% Annual Rent Increases
Exclusively Listed By
Listing Price: $3,300,000
Investment Highlights
- Rare Opportunity to Acquire High-Performing IHOP in Desirable Dallas Location
- Absolute-Net Lease | Zero Landlord Responsibilities
- Point of Intersection for Multiple Highways including Interstate 35, Northwest Hwy, Hwy 384, Hwy 482 and Walton Walker Texpress
- Over 31,082 VPD Directly in Front of Subject Property with an Additional 200,000 VPD from Interstate 35
- Three-Mile Population of 79,869 and Five-Mile Population of 255,966
- Northwest Highway Corridor that includes Dallas Love Field Airport, Starbucks, Raising Cane's, McDonald's, Napa Auto Parts and more
- Largest Franchisee Operator of IHOP in the Country
- Four Five-Year Renewal Options with 1.25% Annual Rent Increases
Investment Overview
Marcus & Millichap is pleased to present the rare opportunity to acquire an IHOP in Dallas. The subject property is a 5,334-square-foot building on approximately 0.92 acres of land. Located in the highly desirable North Dallas market, the asset is situated near the intersection of multiple, highly traveled highways including Interstate 35, Northwest Highway, Highway 384, Highway 482 and Walton Walker Texpress. The Dallas/Fort Worth metroplex is the fourth-most populous metro in the nation wit an aggregate of more than 7.1 million residents. Dallas/Fort Worth population growth in recent years ranks among the highest in the U.S for a major metro. Strong job growth continually draws new residents to the region. The Metroplex is home to 21 Fortune 500 companies and many regional headquarters, drawing workers and residents. The original 20-year lease is guaranteed by ACG Texas, L.P. an affiliate of it's parent company, Argonne Capital Group, who is the largest franchisee of IHOP in the country. Argonne Capital Group is a private investment firm based in Atlanta, Georgia. With roughly 300 IHOP restaurants, 150 On The Border restaurants and 120 Applebee's restaurants, Argonne has a significant presence in the casual dining segment.
Exclusively Listed By
