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Maricopa, AZ 85138

IHOP Sale-Leaseback

Property Address

20429 North John Wayne Parkway, Maricopa, AZ, USA

Offering Summary

  • Price: $3,158,265
  • Lot Size: 1.02 Acres
  • Year Built: 2018
  • Building SF: 4,767
  • Status: CLOSED
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  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • Ten Percent Increases Every Five Years
  • Outparcel to Fry’s Marketplace-Anchored Shopping Center
  • Rapidly Growing Trade Area – Households Projected to Increase 43%+ in Immediate Area by 2022
  • Scheduled to Open for Business on February 7, 2019
  • Signalized Hard Corner Location, Visible to 39,470+ Cars per Day
  • Minutes from Harrah’s Ak-Chin Hotel & Casino (300+ Rooms)
  • Tenant is One of the Largest Franchisee and Developers of IHOP Restuarants in the U.S. – 107 Locations
  • Close Proximity to Major Retailers – Fry’s Marketplace, Bashas’, CVS, Burger King, McDonald’s, etc.
  • Down the Road from Maricopa High School, with 1,927 Students
  • Adjacent to N John Wayne Parkway, Direct Access to Phoenix

Broker Information

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