IHOP NNN – Jacksonville, FL
![](https://herculespimenta.com/wp-content/uploads/2021/06/Ihop-Adapted-1024x640.jpg)
- 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.