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IHOP 8901 Interstate 35

4,127 SF Retail Building Austin, TX 78744 £2,172,527 (£526/SF) 6.70% Net Initial Yield

Investment Highlights

  • Original Lease Term | 20 Years
  • 1.25% Rental Increases Annually
  • Approximately 5.6 Years Remaining

Executive Summary

NNN Pro Group is pleased to present the exclusive listing for an IHOP located at 8901 S. I-35, Austin, TX 78747. The site consists of roughly 4,127 rentable square feet of building space on an estimated 0.83-acre parcel of land. This IHOP is subject to a 20-year Triple Net (NNN) lease, which commenced 2/1/2004. The current annual rent is $184,245 and has scheduled increases of 1.25% Annually.

Attachments

IHOP 8901 S I-35 Austin, TX UG-compressed

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,127 SF
Building Class
B
Year Built
2004
Price
£2,172,527
Price Per SF
£526
Net Initial Yield
6.70%
NOI
£145,555
Tenancy
Single
Number of Floors
1
Building FAR
0.11
Land Acres
0.83 AC
Zoning
CS-CO, Austin
Frontage
219 ft on Interstate Hwy 35

Amenities

  • Freeway Visibility
1 of 1

Nearby Major Retailers

Starbucks
IHOP
H-E-B
Chase Bank
Johnny Carino's
Woodforest National Bank
Texas Roadhouse
Orangetheory Fitness
Famous Dave's
PNC Bank

PROPERTY TAXES

Parcel Number 576182 Improvements Assessment £729,962
Land Assessment £573,310 Total Assessment £1,303,272

PROPERTY TAXES

Parcel Number
576182
Land Assessment
£573,310
Improvements Assessment
£729,962
Total Assessment
£1,303,272
(713) 322-4108

  • Listing ID: 32520213

  • Date on Market: 19/07/2024

  • Last Updated:

  • Address: 8901 Interstate 35, Austin, TX 78744

The Retail Property at 8901 Interstate 35, Austin, TX 78744 is currently available For Sale. Contact NNN Pro Group for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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© 2024 CoStar Group

IHOP | 8901 Interstate 35
(713) 322-4108 x

IHOP | 8901 Interstate 35

1/4

Jonathan Eckerd

(713) 322-4108

(713) 322-4108

Thomas Jonsson

(332) 345-1027

(332) 345-1027

Alan Laulainen

(480) 339-4332

(480) 339-4332

Kyle Barone

(332) 345-4408

(332) 345-4408

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