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Restaurant

IHOP I Rapid Development Area I University/Hospital Anchored

430 Jesse Jewell Pkwy, Gainesville, GA 30501

Listing Price: $2,798,000

Cap Rate
6.50%
Tenant Name
IHOP
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
3,820
Lease Type
Absolute Net
Rent Per Square Feet
$47.61

Investment Overview

IHOP Strategically Positioned IHOP Located Within One-Mile of Northeast GA Medical Center, Northeast GA Health System’s Flagship Hospital with 577 Beds, and Brenau University with 3,500+ Enrolled Students. ?Within Walking Distance to Several Assets Under Construction Including Solis Gainesville, a $48 Million 223-Unit Multifamily Community, and The National, a $50 Million Mixed-Use Development. ?Lease Corporately Guaranteed by IHOP Corp., a Dine Brands Global Company and Multinational Breakfast Restaurant Chain with Over 1,800 (2019) Locations in the Americas, Middle East, and Asia. ?High Traffic Location at the Signalized Intersection of Jesse Jewell Parkway (38,000 Vehicles Per Day (VPD)) and West Academy Street (8,400 VPD) with Excellent Visibility. ?High Yield Opportunity with Upside Through Lease Extension and 10 Percent Rent Increases to Hedge Against Inflation Which Begin in 2024 and Occur Every 5-Years Thereafter. ?Situated in a Dense Area with Over 72,000 People Living Within a 5-Mile Radius with an Average Annual Household Income of Nearly $80,000.

Investment Highlights

  • Strategically Positioned IHOP Located Within One-Mile of Northeast GA Medical Center, Northeast GA Health System's Flagship Hospital with 577 Beds, and Brenau University with 3,500+ Enrolled Students
  • Within Walking Distance to Several Assets Under Construction Including Solis Gainesville, a $48 Million 223-Unit Multifamily Community, and The National, a $50 Million Mixed-Use Development
  • Lease Corporately Guaranteed by IHOP Corp., a Dine Brands Global Company and Multinational Breakfast Restaurant Chain with Over 1,800 (2019) Locations in the Americas, Middle East, and Asia
  • ?High Traffic Location at the Signalized Intersection of Jesse Jewell Parkway (38,000 Vehicles Per Day (VPD)) and West Academy Street (8,400 VPD) with Excellent Visibility
  • ?High Yield Opportunity with Upside Through Lease Extension and 10 Percent Rent Increases to Hedge Against Inflation Which Begin in 2024 and Occur Every 5-Years Thereafter
  • ?Situated in a Dense Area with Over 72,000 People Living Within a 5-Mile Radius with an Average Annual Household Income of Nearly $80,000

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Restaurant

IHOP I Rapid Development Area I University/Hospital Anchored

Listing Price: $2,798,000

Cap Rate
6.50%
Tenant Name
IHOP
Years Remaining On Lease
2.3
Guarantor
Corporate Guarantee
Rentable SF
3,820
Lease Type
Absolute Net
Rent Per Square Feet
$47.61

Investment Highlights

  • Strategically Positioned IHOP Located Within One-Mile of Northeast GA Medical Center, Northeast GA Health System's Flagship Hospital with 577 Beds, and Brenau University with 3,500+ Enrolled Students
  • Within Walking Distance to Several Assets Under Construction Including Solis Gainesville, a $48 Million 223-Unit Multifamily Community, and The National, a $50 Million Mixed-Use Development
  • Lease Corporately Guaranteed by IHOP Corp., a Dine Brands Global Company and Multinational Breakfast Restaurant Chain with Over 1,800 (2019) Locations in the Americas, Middle East, and Asia
  • ?High Traffic Location at the Signalized Intersection of Jesse Jewell Parkway (38,000 Vehicles Per Day (VPD)) and West Academy Street (8,400 VPD) with Excellent Visibility
  • ?High Yield Opportunity with Upside Through Lease Extension and 10 Percent Rent Increases to Hedge Against Inflation Which Begin in 2024 and Occur Every 5-Years Thereafter
  • ?Situated in a Dense Area with Over 72,000 People Living Within a 5-Mile Radius with an Average Annual Household Income of Nearly $80,000

Investment Overview

IHOP Strategically Positioned IHOP Located Within One-Mile of Northeast GA Medical Center, Northeast GA Health System’s Flagship Hospital with 577 Beds, and Brenau University with 3,500+ Enrolled Students. ?Within Walking Distance to Several Assets Under Construction Including Solis Gainesville, a $48 Million 223-Unit Multifamily Community, and The National, a $50 Million Mixed-Use Development. ?Lease Corporately Guaranteed by IHOP Corp., a Dine Brands Global Company and Multinational Breakfast Restaurant Chain with Over 1,800 (2019) Locations in the Americas, Middle East, and Asia. ?High Traffic Location at the Signalized Intersection of Jesse Jewell Parkway (38,000 Vehicles Per Day (VPD)) and West Academy Street (8,400 VPD) with Excellent Visibility. ?High Yield Opportunity with Upside Through Lease Extension and 10 Percent Rent Increases to Hedge Against Inflation Which Begin in 2024 and Occur Every 5-Years Thereafter. ?Situated in a Dense Area with Over 72,000 People Living Within a 5-Mile Radius with an Average Annual Household Income of Nearly $80,000.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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