1661 Sycamore View Rd | Memphis, TN 38134
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- LoopNet Team
1661 Sycamore View Rd
Memphis, TN 38134
IHOP | 6% CAP | 11+ Yrs | Absolute NNN · Retail Property For Sale
Investment Highlights
- Successfully negotiated an early long-term lease extension in the midst of COVID-19
- Fixed 7.50% rental increases every 5 years throughout the base term and options
- 11+ years remaining on an absolute triple net lease with IHOP Leasing, LLC (corporate entity)
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
4,750 SF
Building Class
B
Year Built
1999
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.07 AC
Zoning
CH
Parking
90 Spaces (18.95 Spaces per 1,000 SF Leased)
Frontage
175 FT on Sycamore View Rd
Amenities
- Bus Line
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 08-9001-0-0067 | Improvements Assessment | $287,400 |
| Land Assessment | $124,800 | Total Assessment | $412,200 |
PROPERTY TAXES
Parcel Number
08-9001-0-0067
Land Assessment
$124,800
Improvements Assessment
$287,400
Total Assessment
$412,200
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