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Ihop

$2,802,500

170 E Central Texas Expy, Harker Heights, TX 76548

Active
Last Updated: 04/03/2025

6.5

Cap Rate

182,165.92

NOI

Details:
Cap Rate:    6.5%
NOI:    $182,165.92
Building Size:    4,394 sqft
Lot Area:    1.1 acres
Year Built:    2010
Floors:    1
Highlights:
  • Absolute NNN Lease with Zero Landlord Responsibilities
  • Over 6 Years Remaining in the Term with Six (6), 5-Year Options Available
  • Lease Supports 1.25% Annual Rental Escalations with the Next Adjustment Scheduled for June 2025
  • Positioned Within a Phenomenal Retail Corridor and Surrounded by National Retailers Including Target, Walmart, Chick-fil-A, Sam's Club, and Starbucks
  • Strategically Situated Directly off of I-14/E Central Texas Expressway Which has Daily Traffic Counts Exceeding 72,700 Vehicles
  • Lease Guaranteed by ACG Texas, the Nation's Largest IHOP Franchisee with 85+ Restaurants in Texas
  • IHOP Operates 1,840+ Locations in all 50 States, and is a Subsidiary of Dine Brands (NYSE: DIN)
  • Strong 1, 3, and 5-Mile Demographics | Estimated Population Growth Exceeds 11% Within the Next 5 Years
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