Elkhart, IN 46514

IHOP

Property Address

2726 Emerson Drive, Elkhart, IN, USA

Offering Summary

  • Price: $2,526,000
  • Lot Size: 1.29 Acres
  • Cap Rate: 6.0%
  • Year Built: 2004
  • Building SF: 4,538
  • Status: Available
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 10% Rental Increases Every 5 Years
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. - 107+ Locations
  • 88,379 Residents within a 5-Mile Radius
  • Outparcel to Walmart Supercenter
  • Easily Accessible via County Road 6 (19,940+ Cars/Day)
  • Surrounded by Major National Retailers - Walmart Supercenter, Lowe’s, ALDI, Dollar Tree, Menards, AMC Theatres, and More
  • Average Household Income Exceeds $64K within a 5-Mile Radius

Broker Information