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IHOP - STATESVILLE, NC 1026 Glenway Dr
5,558 SF Retail Building Statesville, NC 28625 £1,868,374 (£336/SF) 5.50% Net Initial Yield
Investment Highlights
- Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew.
- Located in dominant retail corridor (pad site to a Walmart Anchored Shopping Center) on a large ±1.325-acre lot with great visibility/access
- 2024 DEMOGRAPHICS: Total Population (5-MI): 48,019 | Average Household Income (1-MI): $88,382
- Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
- Traffic counts of 32,018 CPD (just north of I-40 with traffic counts of 59,421 CPD)
Executive Summary
Property Facts
Amenities
- Restaurant
- Signage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- 5,558 SF
- -
- Sep 2039
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes you can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | 5,558 SF | - | Sep 2039 |
Nearby Major Retailers
-
Kendall Carlsen -
Commercial Investment Advisors, INC
Presented by
IHOP - STATESVILLE, NC | 1026 Glenway Dr
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