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IHOP 906 Turner St

5,000 SF Retail Building Maryville, TN 37801 £1,754,924 (£351/SF) 7% Net Initial Yield

Investment Highlights

  • Corporate Lease – Lease is signed by IHOP Leasing, LLC, wholly owned subsidiary of Dine Brands Global, Inc., the largest casual dining chain operator
  • Strategic Location – This property is strategically located among major retailers. It is out parceled to a Home Depot home improvement store.
  • History of Lease Extension – IHOP extended their lease in 2018, exercising 2 options simultaneously and bringing the expiration date to December 18th,
  • Absolute NNN Lease – This property offers an absolute NNN lease with zero Landlord responsibilities, ideal for passive investment.
  • Long Operating History – IHOP’s original lease commenced in December of 1998.
  • Proximity to Foothills Mall – the subject property is located across US Hwy 321 from the highly trafficked Foothills Mall. Foothills Mall is a regiona

Executive Summary

Broker of Record
Hutt Cooke
License No. 263667 (TN)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,000 SF
Building Class
B
Year Built
1997
Price
£1,754,924
Price Per SF
£351
Net Initial Yield
7%
NOI
£122,845
Tenancy
Single
Number of Floors
1
Building FAR
0.12
Lot Size
0.95 AC
Zoning
HIR
Parking
65 Spaces (13 Spaces per 1,000 SF Leased)
Frontage
90 ft on Foothills Mall Dr

Amenities

  • Wheelchair Accessible
  • Air Conditioning

Links

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Nearby Major Retailers

Shoney's
IHOP
Starbucks
Cook Out
Chicken Salad Chick
Publix
Workout Anytime
CrossFit
Jazzercise
Krystal

PROPERTY TAXES

Parcel Number 057G-A-007.03 Improvements Assessment £216,801
Land Assessment £267,973 Total Assessment £484,775

PROPERTY TAXES

Parcel Number
057G-A-007.03
Land Assessment
£267,973
Improvements Assessment
£216,801
Total Assessment
£484,775
(615) 667-0160

Contacts

  • Listing ID: 33777503

  • Date on Market: 06/11/2024

  • Last Updated:

  • Address: 906 Turner St, Maryville, TN 37801

The Retail Property at 906 Turner St, Maryville, TN 37801 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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906 Turner St, Maryville, TN for sale Building Photo- Image 2 of 4
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IHOP | 906 Turner St
(615) 667-0160 x

IHOP | 906 Turner St

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Harrison Wachtler

(615) 667-0160

(615) 667-0160

Keegan Mulcahy

(310) 955-1782

(310) 955-1782

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