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Restaurant

Former IHOP Restaurant Dallas MSA | Shopping Center Outparcel

111 I-45, Ennis, TX 75119

Listing Price: $2,300,000

Cap Rate
8.43%
Tenant Name
IHOP
Years Remaining On Lease
0.5
Gross SF
4,160
Guarantor
Franchisee Guarantee
Rentable SF
4,160
Price/Gross SF
$552.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.60

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a former IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. The property is well-situated immediately off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. IHOP will continue to operate until December of 2024 and will continue to pay rent through April 13th, 2025.

Investment Highlights

  • Vacant 4,160 SF Building on 0.67 Acres in Dallas MSA
  • 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, Dairy Queen, Taco Cabana and More
  • Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, Tractor Supply, and More
  • Shared Cross Access with Taco Bell & Chevron and Pole Signage wit Excellent Visibility

Exclusively Listed By

Financing By

Restaurant

Former IHOP Restaurant Dallas MSA | Shopping Center Outparcel

Listing Price: $2,300,000

Cap Rate
8.43%
Tenant Name
IHOP
Years Remaining On Lease
0.5
Gross SF
4,160
Guarantor
Franchisee Guarantee
Rentable SF
4,160
Price/Gross SF
$552.88
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$46.60

Investment Highlights

  • Vacant 4,160 SF Building on 0.67 Acres in Dallas MSA
  • 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, Dairy Queen, Taco Cabana and More
  • Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, Tractor Supply, and More
  • Shared Cross Access with Taco Bell & Chevron and Pole Signage wit Excellent Visibility

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a former IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. The property is well-situated immediately off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. IHOP will continue to operate until December of 2024 and will continue to pay rent through April 13th, 2025.

Exclusively Listed By

Financing By

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