Restaurant
IHOP | NNN Lease with 11 Years Remaining | Recent Renovations | West of Daytona, FL
1215 N Woodland Blvd, DeLand, FL 32720
Listing Price: $2,250,000
Cap Rate
5.55%
Tenant Name
IHOP
Years Remaining On Lease
11.0
Guarantor
Franchisee Guarantee
Rentable SF
2,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.50
Investment Overview
Marcus & Millichap is pleased to bring to market IHOP located in DeLand, FL.
IHOP | NNN Lease with 11 Years Remaining | Recent Renovations | West of Daytona, FL
Investment Highlights
- 11 Years Remaining on a 15-Year NNN Lease With No Landlord Responsibilities | Completely Renovated in 2019
- 1% Annual Rental Increases and in Each of Four, 5-Year Renewal Options | Lease Guaranteed by a Strong 150-Unit Franchise Operator with Locations In Florida and South Georgia
- Woodland Blvd. Sees Over 33,500 Vehicles Per Day | 24,000+ VPD Along International Speedway Blvd.
- This IHOP Location is Ranked in the 91st Percentile Nationwide for Site Visits and is the 15th Most Visited IHOP Location in Florida, According to Placer.ai
- High Visibility in a Dense Retail and Residential Corridor | Positioned 0.8 Miles From Stetson University and 1.5 Miles From DeLand Municipal Airport
- Near Multiple National Tenants Such as Publix, Advance Auto Parts, Aldi, Tractor Supply, Denny's, Burger King, CVS, Walgreens, Lowe's, Walmart Supercenter, Waffle House, Papa Johns, Tires Plus and More
- DeLand is the County Seat of Volusia County | 20 Minutes from Daytona International Speedway and 45 Minutes From Daytona Beach, Seeing Over 9 Million Annual Visitors
- Strong Demographics: Population Exceeds 65,200 Within 5-Miles, Expected to Increase by 2027 | Average Household Income Exceeds $75,000
Exclusively Listed By
Financing By
Restaurant
IHOP | NNN Lease with 11 Years Remaining | Recent Renovations | West of Daytona, FL
Listing Price: $2,250,000
Cap Rate
5.55%
Tenant Name
IHOP
Years Remaining On Lease
11.0
Guarantor
Franchisee Guarantee
Rentable SF
2,936
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$42.50
Investment Highlights
- 11 Years Remaining on a 15-Year NNN Lease With No Landlord Responsibilities | Completely Renovated in 2019
- 1% Annual Rental Increases and in Each of Four, 5-Year Renewal Options | Lease Guaranteed by a Strong 150-Unit Franchise Operator with Locations In Florida and South Georgia
- Woodland Blvd. Sees Over 33,500 Vehicles Per Day | 24,000+ VPD Along International Speedway Blvd.
- This IHOP Location is Ranked in the 91st Percentile Nationwide for Site Visits and is the 15th Most Visited IHOP Location in Florida, According to Placer.ai
- High Visibility in a Dense Retail and Residential Corridor | Positioned 0.8 Miles From Stetson University and 1.5 Miles From DeLand Municipal Airport
- Near Multiple National Tenants Such as Publix, Advance Auto Parts, Aldi, Tractor Supply, Denny's, Burger King, CVS, Walgreens, Lowe's, Walmart Supercenter, Waffle House, Papa Johns, Tires Plus and More
- DeLand is the County Seat of Volusia County | 20 Minutes from Daytona International Speedway and 45 Minutes From Daytona Beach, Seeing Over 9 Million Annual Visitors
- Strong Demographics: Population Exceeds 65,200 Within 5-Miles, Expected to Increase by 2027 | Average Household Income Exceeds $75,000
Investment Overview
Marcus & Millichap is pleased to bring to market IHOP located in DeLand, FL.
Exclusively Listed By
Financing By
