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IHOP Restaurant 220 N Frontage Rd

4,950 SF Retail Building Meridian, MS 39301 $1,804,195 ($364/SF) 7.15% Cap Rate

Restaurants Mississippi Meridian 220 N Frontage Rd, Meridian, MS 39301

Investment Highlights

  • Long-Term Absolute NNN Lease – ±11 years remain on the lease and there are zero landlord responsibilities or expenses, providing 100% passive income.
  • Freeway Location – The property enjoys a highly strategic position directly off Hwy 20, a major thoroughfare with a daily traffic volume.
  • National Tenant – IHOP, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world with over 1,750 locations.
  • Hotel Location – The IHOP is positioned in a prime area with more than 15 hotels within a 1-mile radius.
  • Strong Retail Corridor – The property is located across the street from the Uptown Meridian Mall and next to national retailers such as Wal-Mart.

Executive Summary

Broker of Record
Phillip Carpenter
License No. C-11708 (MS)
(866) 889-0550
Carpenter Properties, Inc.
1437 Old Square Road,
Suite 104 Jackson, MS 39211

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,950 SF
Building Class
C
Year Built
2015
Price
$1,804,195
Price Per SF
$364
Cap Rate
7.15%
NOI
$129,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.18 AC

Amenities

  • Wheelchair Accessible
  • Air Conditioning
  • Smoke Detector

Links

1 of 1

Nearby Major Retailers

Starbucks
Red Lobster
IHOP
Buffalo Wild Wings
Applebee's
Chili's Grill & Bar
Newk's Eatery
Outback Steakhouse
Olive Garden Italian Rstrnt
ALDI

PROPERTY TAXES

Parcel Number 084-17-1-0000-000-02402 Improvements Assessment $0
Land Assessment $0 Total Assessment $165,944

PROPERTY TAXES

Parcel Number
084-17-1-0000-000-02402
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$165,944
(949) 209-8963

Contacts

  • Listing ID: 33317973

  • Date on Market: 9/26/2024

  • Last Updated:

  • Address: 220 N Frontage Rd, Meridian, MS 39301

More public record information on 220 N Frontage Rd, Meridian, MS 39301

The Retail Property at 220 N Frontage Rd, Meridian, MS 39301 is currently available for sale. Contact Matthews Real Estate Investment Services for more information.

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The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

IHOP Restaurant | 220 N Frontage Rd
(949) 209-8963 x

IHOP Restaurant | 220 N Frontage Rd

1/2

Blake Wagenseller

(949) 209-8963

(949) 209-8963

Connor Olandt

(818) 618-4522

(818) 618-4522

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