Restaurant
IHOP
13100 US-301, Dade City, FL 33525
Listing Price: $1,695,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of an absolute net leased IHOP restaurant located at 13100 US-301 in Dade City, Florida. The property is backed by Sunshine Restaurant Partners — one of the largest IHOP franchisees in the United States with 150+ locations. The 5,304 SF building sits on 0.97 acres along US Route 301, a primary retail corridor with nearly 29,000 vehicles per day, and benefits from its position within the high-growth Tampa–St. Petersburg–Clearwater MSA. With a true absolute net lease structure, four 5-year renewal options with rent escalations, and a below-market rent.
IHOP
Investment Highlights
- Below Market Rent - $19/SF which is below the average of $40/SF for similar assets in the area
- High Growth Tampa MSA - Tampa–St. Petersburg–Clearwater MSA, one of the largest metropolitan areas in the Southeast with a population of approximately 3.42 million.
- Profitable Location - While the tenant is not required to report sales, Placer.ai estimates the location generates approximately $1.5 million in annual sales, reflecting a healthy rent-to-sales ratio
- Top Tier Operator - Sunshine Restaurant Partners, is one of the largest IHOP franchisees in the United States with over 153+ Restaurants, bringing institutional-quality tenancy to this investment.
Exclusively Listed By
Financing By
Listing Price: $1,695,000
Investment Highlights
- Below Market Rent - $19/SF which is below the average of $40/SF for similar assets in the area
- High Growth Tampa MSA - Tampa–St. Petersburg–Clearwater MSA, one of the largest metropolitan areas in the Southeast with a population of approximately 3.42 million.
- Profitable Location - While the tenant is not required to report sales, Placer.ai estimates the location generates approximately $1.5 million in annual sales, reflecting a healthy rent-to-sales ratio
- Top Tier Operator - Sunshine Restaurant Partners, is one of the largest IHOP franchisees in the United States with over 153+ Restaurants, bringing institutional-quality tenancy to this investment.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing of an absolute net leased IHOP restaurant located at 13100 US-301 in Dade City, Florida. The property is backed by Sunshine Restaurant Partners — one of the largest IHOP franchisees in the United States with 150+ locations. The 5,304 SF building sits on 0.97 acres along US Route 301, a primary retail corridor with nearly 29,000 vehicles per day, and benefits from its position within the high-growth Tampa–St. Petersburg–Clearwater MSA. With a true absolute net lease structure, four 5-year renewal options with rent escalations, and a below-market rent.
Exclusively Listed By
Financing By
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