IHOP
CONTACT US REGARDING THIS LISTING
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
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