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618-277-4400

NNN Investment Opportunity - IHOP Franchise

$1,090,000

Listing Resources

Listing Description

Investment Opportunity

NNN Investment Property with IHOP Franchisee in place – 11 years remain on 20 year lease. Full NNN Lease – 5.5% CAP RATE.

4,900 SF on 1.68 Acres. New Roof in 2021.

Located in the main retail corridor of Alton on IL Route 111 (Homer Adams Pkwy).

Sale Price: $1,090,000

Listing Details

Settings
Listing No : 2435
Sale Or Lease : For Sale
Property Type(s) : Investment, Retail, Restaurant/Bar
Building Size (Sqft) : 4,900 Sqft
Lot Size (Acres) : 1.68 Acre(s)
Sale Price : $1,090,000
CAP Rate : 5.50%
NOI : $60,000
Parcel No : 23-2-07-01-05-103-034
Zoning : Commercial
Zoning By : Alton
Complex : IHOP
Year Built : 1999
Rehab Year : 2011
Roof : New 2021
Exterior : Stucco/Siding
Floors : 1
Gross Rental Income : $60,000

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