Investment Overview

Marcus & Millichap is proud to present for sale 254-02 Rockaway Boulevard ("Subject property"), an IHOP located in Rosedale, NY. The sale of this IHOP property represents a unique opportunity as it includes both the business and the real estate. This dual offering provides potential investors with a stable income stream from the established IHOP franchise, along with the added value of owning the underlying real estate. The subject property consists of three parcels totaling 0.62 acres and a +/- 3,826 square foot restaurant. This property is occupied with by an IHOP franchisee. The property is on Rockaway Blvd, a high-traffic thoroughfare that sees approximately 67,000 vehicles daily (VPD). This high visibility ensures a constant stream of potential customers, making it an ideal location for a restaurant business. The property boasts more than ample parking, with 14.1 spaces per 1,000 square feet. This generous parking availability is a significant advantage, ensuring convenience for customers and supporting high customer turnover. This prime location is close to major transportation hubs, including John F. Kennedy International Airport (JFK). Additionally, the location is well-served by public transportation, with the Rosedale Long Island Rail Road (LIRR) station nearby. The property is also near several retail shopping centers, such as Green Acres Mall and Five Towns Shopping Center, providing a steady flow of potential customers. Additional information is available upon request.