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IHOP Restaurant 111 S Interstate Highway 45

4,160 SF Retail Building Ennis, TX 75119 $1,800,000 ($433/SF) 10.77% Cap Rate

Restaurants Texas Ennis 111 S Interstate Highway 45, Ennis, TX 75119

Investment Highlights

  • Vacant 4,160 SF Building on 0.67 Acres in Dallas MSA
  • Outparcel to Ennis Crossroads Shopping Center with Major Tenants Taco Bell, Burkes Outlet, Hibbett Sports, Dairy Queen, Taco Cabana and More
  • Shared Cross Access with Taco Bell & Chevron and Pole Signage wit Excellent Visibility
  • Located Immediately off I-45 at the Intersection of TX-34 with 54,000 VPD and 16,806 VPD, Respectively
  • Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, Tractor Supply, and More

Executive Summary

Marcus & Millichap is pleased to present the opportunity to acquire a former IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. The property is well-situated immediately off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. IHOP will continue to operate until December of 2024 and will continue to pay rent through April 13th, 2025.

Data Room Click Here to Access

  • Offering Memorandum

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,160 SF
Building Class
C
Year Built
2005
Price
$1,800,000
Price Per SF
$433
Cap Rate
10.77%
NOI
$193,839
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
0.67 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
C - Commercial

Links

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Nearby Major Retailers

IHOP
Chili's
Waffle House
Starbucks
CrossFit
Denny's
Cotton Patch Café
La Michoacana Meat Market
Bella Italia
Curves

PROPERTY TAXES

Parcel Number 230056 Improvements Assessment $776,721
Land Assessment $623,279 Total Assessment $1,400,000

PROPERTY TAXES

Parcel Number
230056
Land Assessment
$623,279
Improvements Assessment
$776,721
Total Assessment
$1,400,000
(972) 755-5279

Contact

  • Listing ID: 33223201

  • Date on Market: 9/18/2024

  • Last Updated:

  • Address: 111 S Interstate Highway 45, Ennis, TX 75119

More public record information on 111 S Interstate Highway 45, Ennis, TX 75119

The Retail Property at 111 S Interstate Highway 45, Ennis, TX 75119 is currently available for sale. Contact Marcus & Millichap for more information.

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111 S Interstate Highway 45, Ennis, TX for sale Primary Photo- Image 1 of 4
IHOP 1
111 S Interstate Highway 45, Ennis, TX for sale Building Photo- Image 2 of 3
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IHOP Restaurant | 111 S Interstate Highway 45
(972) 755-5279 x

IHOP Restaurant | 111 S Interstate Highway 45

John Paine

(972) 755-5279

(972) 755-5279

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