Springfield, IL 62711

IHOP

Property Address

4001 Wabash Avenue, Springfield, IL, USA

Offering Summary

  • Price: $2,860,000
  • Lot Size: 1.17 Acres
  • Cap Rate: 6.0%
  • Year Built: 2018
  • Building SF: 5,100
  • Status: Available
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  • 16 Years Remaining on an Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 120+ Location Operator/Guarantor
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Established Location - Store Sales are in Excess of IHOP’s Average Unit Level Performance
  • 75,124 Residents and 110,094 Daytime Population within a 5-Mile Radius
  • Signalized Hard Corner Location, Easily Accessible by More Than 17,000 Cars per Day
  • Average Household Income Exceeds $144,000 in the Immediate Area
  • Illinois Broker of Record: Steven Weinstock | One Mid America Plaza, Ste. 200 Oakbrook Terrace, IL 60181 | P: (630) 570-2200 | Lic #: 471.011175 | [email protected]

Broker Information