Commercial & Business Division
IHOP NNN – Jacksonville, FL
Price: Type: Occupancy: CAP Rate: Rentable Square Feet: Land: NOI: Annual Expenses: Lease Term: Rent Increase: Extension: Built: Guarantor: Location:
$2,769,000 Free Standing 100% 6.00% 5,322 SF = 495m2 0.88 AC = 3,560m2 $166,135/ year 0 (Zero) NNN – Tenant responsible for all expenses including property taxes 20 years (Expiring 8/2028) – 12.5 Years Remaining 1.25% per Year 6 - 5 Year Options 1977 – Renovated in 2006 Sunshine Restaurant Partners (SRP) - more than 250 store ($225Million in annual sales) The property is located in Atlantic Blvd and Corporate Square Blvd (30,000 VPD)
Extra:
More than 35 years at the same location, IHOP – 1,556+ Restaurants in all 50 states
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal without notice.