Ihop

3300 W Hwy 44, Alice, TX

$2,743,000

Price

7%

Cap Rate

$192,000

NOI

Gallery
Street
Map
Overview
Cap Rate
7%
NOI
$192,000
Building Size
4,322 sqft
Lot Area
1.22 acres
Occupancy
100%
Year Built
2015
Description

Faris Lee Investments is pleased to present the opportunity to acquire a IHOP in Alice TX, with long term (13 Years) absolute NNN lease with options.


The property sits on a large 1.22 acre parcel, adjacent to highly trafficked Walmart Supercenter in Alice, TX

Highlights
  • Long Term (13) Year Absolute NNN Lease With Options
  • No Landlord Responsibilities / Absolute Net Lease
  • IHOP – Globally Recognized Restaurant and Iconic Brand
  • IHOP Restaurant – Operated and Guaranteed By Outstanding Multi-Unit Operator, Haidar Properties
  • Large 1.22 Acre Parcel
  • Texas – No State Income Tax
  • Adjacent To Highly Trafficked Walmart Supercenter
  • Neighbors Include: Holiday Inn Express & Suites, Hampton Inn, Christus Spohn Hospital Alice, La Quinta, and More
  • The Famous King Ranch: 20 Miles South Of Subject Property
  • Naval Air Station Kingsville: 23 Miles South Of Subject Property
  • Nalf Orange Grove Airport (U.S. Naval Airfield): 15 Miles North Of Subject Property
Location
Gallery