Restaurant
IHOP (Dallas MSA)
111 I-45, Ennis (Dallas MSA), TX 75119
Listing Price: $2,680,000
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. IHOP is well-situated just off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. The original 20-year lease with approximately 2.5 years remaining is guaranteed by ACG Texas, L.P. an affiliate of its parent company, Argonne Capital Group, which 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 (Dallas MSA)
Investment Highlights
- Located Immediately off I-45 at the Intersection of TX-34 with 54,000 VPD and 16,806 VPD, Respectively
- Outparcel to Ennis Crossroads Shopping Center with Major Tenants Taco Bell, Burkes Outlet, Hibbett Sports, Chevron, Dairy Queen, Taco Cabana, Aaron's Furniture, and Little Caesars Pizza
- Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, GameStop, Dollar Tree, Jack in the Box, Whataburger, AutoZone, Exxon, Tractor Supply, and More
- Absolute-Net Lease | Zero Landlord Responsibilities
- Largest Operator of IHOP in the Country
- Four Five-Year Renewal Options with 1.25% Annual Rent Increases
- Pole Signage with Excellent Visibility
Exclusively Listed By
Listing Price: $2,680,000
Investment Highlights
- Located Immediately off I-45 at the Intersection of TX-34 with 54,000 VPD and 16,806 VPD, Respectively
- Outparcel to Ennis Crossroads Shopping Center with Major Tenants Taco Bell, Burkes Outlet, Hibbett Sports, Chevron, Dairy Queen, Taco Cabana, Aaron's Furniture, and Little Caesars Pizza
- Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, GameStop, Dollar Tree, Jack in the Box, Whataburger, AutoZone, Exxon, Tractor Supply, and More
- Absolute-Net Lease | Zero Landlord Responsibilities
- Largest Operator of IHOP in the Country
- Four Five-Year Renewal Options with 1.25% Annual Rent Increases
- Pole Signage with Excellent Visibility
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire an IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. IHOP is well-situated just off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. The original 20-year lease with approximately 2.5 years remaining is guaranteed by ACG Texas, L.P. an affiliate of its parent company, Argonne Capital Group, which 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
