IHOP NNN – Jacksonville, FL

• Price: US $3,700,000
• Type: Free Standing
• Occupancy: 100%
• CAP Rate: 0%
• Rentable Square Feet: 4,462 SF = 414 m2
• Land: 51 AC = 4,462 m2
• NOI: US $221,922/ year
• Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including property taxes
• Lease Term: 20 years (Expiring January 2029) – 10.4 Years Remaining
• Rent Increase: 25% Annually
• Extension: 6 – 5 Year Options
• Built: 1987 and fully remodeled in 2007.
• Guarantor: Sunshine Restaurant Partners (SRP) – more than 150 store (US$225 Million in annual sales)
• Extra: More than 35 years at the same location, IHOP – 1,556+ Restaurants in all 50 states. Daily Traffic counts exceed 50,000 vehicles per day.  
• Location: The property is ideally located in the heart of Jacksonville, Florida in a dense retail corridor.