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I-Hop 920 S Gilbert Rd
4,022 SF Retail Building Gilbert, AZ 85296 £3,156,000 (£785/SF) 6.02% Net Initial Yield
Investment Highlights
- 4,022 SF freestanding IHOP restaurant on 39,043 SF lot
- Building recently received roof improvements and HVAC maintenance
- Owner User or Investment Opportunity
- Absolute NNN lease. Initial term runs through 10/31/2027 with $723,000 of rent remaining as of 10/31/2024. Three additional 5-year option periods
- Strong potential for redevelopment or re-tenanting upon lease expiration
- Close proximity to Gilbert Town Square which offers dining, shopping and entertainment; tenants include Pei Wei, Sport Clips, Chipotle and more
Property Facts
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
± 4,022 SF freestanding former IHOP restaurant on ± 39,043 SF lot; available for LEASE or SALE Close proximity to Gilbert Town Square which offers dining, shopping and entertainment; tenants include Pei Wei, Sport Clips, Chipotle, Bowlero, Regal Cinemas & more! Located directly across Gilbert Road from Gilbert Civic Center and Gilbert Town Hall Premier ± 11.57 gross acre Intercapital Development site underway at the SEC of Warner Rd & Gilbert Rd Strong traffic counts of almost ± 25,000 VPD along Gilbert Road and upwards of ± 27,000 VPD along Warner Rd
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,022 SF | Retail | Outparcel | Now |
1st Floor
| Size |
| 4,022 SF |
| Space Use |
| Retail |
| Position |
| Outparcel |
| Available |
| Now |
1st Floor
| Size | 4,022 SF |
| Space Use | Retail |
| Position | Outparcel |
| Available | Now |
± 4,022 SF freestanding former IHOP restaurant on ± 39,043 SF lot; available for LEASE or SALE Close proximity to Gilbert Town Square which offers dining, shopping and entertainment; tenants include Pei Wei, Sport Clips, Chipotle, Bowlero, Regal Cinemas & more! Located directly across Gilbert Road from Gilbert Civic Center and Gilbert Town Hall Premier ± 11.57 gross acre Intercapital Development site underway at the SEC of Warner Rd & Gilbert Rd Strong traffic counts of almost ± 25,000 VPD along Gilbert Road and upwards of ± 27,000 VPD along Warner Rd
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 302-82-970 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £141,886 |
PROPERTY TAXES
-
Marti Weinstein -
Diversified Partners, LLC
Presented by
I-Hop | 920 S Gilbert Rd
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