IHOP

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Abraham Leon

Senior Advisor

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PROPERTY ADDRESS

3227 MILLER RD, FLINT TOWNSHIP, MI 48507

PROPERTY INFORMATION

Price:
$2,076,923
Cap Rate:
6.50%
Term Remaining:
18 years Years
Year Built:
2016
Status:
Available

INVESTMENT HIGHLIGHTS

  • 24 Hour IHOP - New 18 Year Absolute NNN Sale Leaseback
  • Zero Landlord Responsibilities - Perfect Passive 1031 Exchange Investment
  • 8% Rental Increases every 5 Years (First one in year November 2023)
  • Two (2)- Five (5) Year Renewal Options
  • Flint Township uses Genesee County Drain which gets its water supply from Detroit. The township water is not affected by the problems in Flint
  • Guarantee – Trinity Restaurant Group, LLC - Franchisee of 14 IHOP locations in Michigan
  • 100% Leased to IHOP Restaurant, a Subsidiary of DineEquity, Inc. which is the Largest Casual-Dining Restaurant Chain in the World