Retail    

IHOP

 Pensacola, FL

Asking Price

$3,400,000

Cap Rate

5.00%

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Lease Type

Abs. NNN

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Lease Term Remaining

New 15-Year Lease

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Rent Increases

1% annually

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Year Built

2023

For more details on this exclusive listing

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INVESTMENT HIGHLIGHTS

  • New 15-Year Absolute NNN Lease w/ Annual Rent Increases 
  • Nation's Largest Family Dining Concept
  • Largest IHOP Operator w/ Unique License Agreement
  • Brand New Construction
  • Rapidly Growing Suburban Market
  • Adjacent to Major Mixed-Use Development Project
  • Proximity to 367-Acre Navy Federal Corporate Campus
  • 32K+ VPD Visibility with Excellent Interstate Access
  • Dense Residential Trade Radius
  • No State Income Tax

Exclusively Listed By

Mike Sladich

Regional Managing Director
  msladich@northmarq.com      208.866.9208

Maggie Holmes

Senior Vice President
  mholmes@northmarq.com   

Robert Poirier

Associate Vice President
  rpoirier@northmarq.com   

Sam Wilson

Associate Vice President
  swilson@northmarq.com   

Michael Watson

Senior Associate
  mwatson@northmarq.com   

Joshua Greene

Investment Analyst
  jgreene@northmarq.com   

Chanel Tobias

Investment Analyst
  ctobias@northmarq.com   

In Association With
Jason Long

FL License #BK3302956

Northmarq

3340 Peachtree Rd NE | Suite 650
Atlanta, GA 30326
404.823.6360


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