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Restaurant

Dark IHOP (5.2 Years Remaining)

12750 N Fwy, Fort Worth, TX 76177

Listing Price: $3,139,000

Cap Rate
8.50%
Tenant Name
IHOP
Years Remaining On Lease
5.1
Gross SF
4,935
Guarantor
Franchisee Guarantee
Rentable SF
4,935
Price/Gross SF
$636.07
Lease Type
Absolute Net
Rent Per Square Feet
$54.06

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease (Dark) IHOP in Fort Worth, TX. The property consists of a 4,935-square-foot, freestanding building that sits on approximately 1.57 acres of land. There are approximately 5.2 years remaining on the current lease term.

Investment Highlights

  • IHOP is Responsible for Approximately $1,367,000 in Future Rent Obligations
  • Absolute Net Lease with 5.2 Years Remaining and Annual Rental Escalations
  • Highway 170 West Extension - When Completed, a Four-Lane Thoroughfare will Run from past the Subject Property to Farm to Market 156.
  • 700% Population Growth Since 2000 and 18% Projected Growth in the Next Five Years (Five-Mile Radius)
  • Excellent Visibility at the Intersection of Interstate 35 West and State Highway 170 (105,742 VPD)
  • Greater Alliance Corridor - 8 Miles from Texas Motor Speedway, Presidio Towne Crossing and Alliance Town Center
  • 159,597 Residents and an Average Household Income of $133,651 (Five-Mile Radius)
  • 3.5 Miles from Perot Field Fort Worth Alliance Airport

Exclusively Listed By

Financing By

Restaurant

Dark IHOP (5.2 Years Remaining)

Listing Price: $3,139,000

Cap Rate
8.50%
Tenant Name
IHOP
Years Remaining On Lease
5.1
Gross SF
4,935
Guarantor
Franchisee Guarantee
Rentable SF
4,935
Price/Gross SF
$636.07
Lease Type
Absolute Net
Rent Per Square Feet
$54.06

Investment Highlights

  • IHOP is Responsible for Approximately $1,367,000 in Future Rent Obligations
  • Absolute Net Lease with 5.2 Years Remaining and Annual Rental Escalations
  • Highway 170 West Extension - When Completed, a Four-Lane Thoroughfare will Run from past the Subject Property to Farm to Market 156.
  • 700% Population Growth Since 2000 and 18% Projected Growth in the Next Five Years (Five-Mile Radius)
  • Excellent Visibility at the Intersection of Interstate 35 West and State Highway 170 (105,742 VPD)
  • Greater Alliance Corridor - 8 Miles from Texas Motor Speedway, Presidio Towne Crossing and Alliance Town Center
  • 159,597 Residents and an Average Household Income of $133,651 (Five-Mile Radius)
  • 3.5 Miles from Perot Field Fort Worth Alliance Airport

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire an absolute net lease (Dark) IHOP in Fort Worth, TX. The property consists of a 4,935-square-foot, freestanding building that sits on approximately 1.57 acres of land. There are approximately 5.2 years remaining on the current lease term.

Exclusively Listed By

Financing By

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