Sold Subscription Required
| Price $3,500,000 $4,000,000 | Built/Renov 2010 | Tenant IHOP |
| Cap Rate 7.43% 6.50% | Lease Type
Abs NNN | Guarantor Franchisee |
| Size/SF
5,104
| Lease Start
11-06-2011
| #Units
90
|
| Price/SF $685.74 $783.70 | Expiration
11-07-2030
| Tenant Type Casual Dining |
| NOI $260,016 | R. Term 5.4 | Ownership Fee Simple |
| Rent/SF
$50.94
| Increases 7.5%/3/yrs | Pop 5Mi 358,204 |
| Lot/AC 1.84 | Options 4/5yrs/7.5% | AHHI 5Mi $76,252 |
| | |
The 5,104 square foot IHOP is strategically located along Browns Hill Road with clear visibility and access to more than 45,644 vehicles passing by daily. This primary north-south thoroughfare also runs through a major retail destination known as The Waterfront which is occupied by tenants such as Lowe’s Home Improvement, Costco, Dick’s Sporting Goods, Marshalls, Old Navy, T.J. Maxx,...
...In location for years
Major thoroughfare
Dense retail corridor
Near major nationals
Dense 200M+ pop 5 mi
Top 100 MSA
Absolute NNN
Personal guarantee
50+ unit franchisee backed
Publicly traded company
| 1 Miles | 3 Miles | 5 Miles | |
| 2027 Total Population : | 13,155 | 143,472 | 356,803 |
| 2022 Total Population : | 13,402 | 144,307 | 357,376 |
| 2022 Employed Civilian Pop : | 6,937 | 73,509 | 178,489 |
| 2022 Total Businesses : | 520 | 5,257 | 15,458 |
| 2022 Average Household Income : | $ 103,567 | $ 93,968 | $ 86,501 |
| 2022 Total Consumer Spending : | $ 568 M | $ 5332 M | $ 12519 M |
| 2022 Median Age : | 42 | 34 | 38 |
| 2022 Total Households : | 6,400 | 65,798 | 166,928 |
| 2022 Pop Age 25+: Bachelor's Degree : | 2,907 | 24,750 | 58,672 |
| 2022 Average Home Value : | $ 290,916 | $ 305,882 | $ 251,243 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Browns Hill Rd | Old Browns Hill Rd | 2005 | 45,644 | 0.13 mi |
| Browns Hill Rd | Imogene Rd | 2012 | 31,810 | 0.21 mi |
| Browns Hill Rd | Imogene Rd | 2014 | 35,160 | 0.22 mi |
| Shady Ave | 2009 | 756 | 0.26 mi | |
| Hazelwood Ave | Murray Ave | 2016 | 5,422 | 0.43 mi |
| Greenfield Ave | Melbourne St | 2016 | 5,788 | 0.56 mi |
| Lilac St | Saline St | 2009 | 6,438 | 0.58 mi |
| Beechwood Blvd | Lilac St | 2015 | 23,203 | 0.63 mi |
| Johnston Ave | Rivermont Dr | 2016 | 2,537 | 0.64 mi |
| Monitor St | Ludwick St | 2015 | 1,484 | 0.72 mi |
Mobile, AL
Cap Rate 6.65%
Lease Abs NNN
R. Term 7.50 yrs
Size/SF 6,926
Maumee, OH
Cap Rate 7.00%
Lease Abs NNN
R. Term 7.50 yrs
Size/SF 7,083
Baytown, TX
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.70 yrs
Size/SF 4,987
Clearwater, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 15.10 yrs
Size/SF 7,270
Gaffney, SC
Cap Rate 6.50%
Lease Abs NNN
R. Term 11.10 yrs
Size/SF 6,172
San Angelo, TX
Cap Rate 6.50%
Lease Abs NNN
R. Term 11.10 yrs
Size/SF 6,184
Troy, MI
Cap Rate 5.75%
Lease Abs NNN
R. Term 7.50 yrs
Size/SF 8,329
Hanover, PA
Cap Rate 7.00%
Lease Abs NNN
R. Term 20.10 yrs
Size/SF 5,120
Ridgeland, MS
Cap Rate 6.85%
Lease Abs NNN
R. Term 9.70 yrs
Size/SF 6,500
Cincinnati, OH
Cap Rate 7.00%
Lease Abs NNN
R. Term 9.40 yrs
Size/SF 8,200
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
