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IHOP - BRISTOL, TN 1175 Volunteer Pky

5,946 SF Retail Building Bristol, TN 37620 $1,667,000 ($280/SF) 6% Cap Rate

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Investment Highlights

Brand new 15-year Absolute NNN lease with attractive 10% rental escalations every 5 years with three 5-year options to renew.
Situated on a large ±2.30-acre lot with excellent visibility/access on Volunteer Pkwy (minutes from Walmart & Lowe's Home Improvement)
2024 DEMOGRAPHICS: Total Population (5-MI): 53,233 | Average Household Income (1-MI): $89,783

Suncakes, LLC is a 34-unit operator wholly owned by Sun Holdings (2nd largest franchisee in the U.S.) with over 1,500 units across multiple brands
Traffic counts of 19,878 CPD

Executive Summary

(Building & Land) Fee Simple

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Fast Food

Building Size

5,946 SF

Building Class

Year Built

2024

Price

$1,667,000

Price Per SF

$280

Cap Rate

NOI

$100,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Land Acres

2.30 AC

Zoning

Frontage

506 FT on Hwy 11E

Amenities

Restaurant

Signage

Air Conditioning

MAJOR TENANTS

Accommodation and Food Services
5,946 SF
-
Sep 2039

Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes you can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.