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600 Us-27 N
2,097 SF Retail Building Sebring, FL 33870 $1,000,000 ($477/SF)
Investment Highlights
- Triple net (NNN) lease with 3 years of initial term remaining, providing an investor with flexibility to reposition the property or add-value by ne
- Largest IHOP franchisee with over 150 restaurants throughout Florida and Southern Georgia
- Positioned directly across the street and shares a traffic light with the 400,000 square-foot Lakeshore Mall on 73-acres
- IHOP has been operating at this location since 1994, and has exercised five option periods so far, showing a strong commitment to the site
- This location benefits from Annual Rent based on five percent of the Gross Annual Sales
- The property benefits from 115+ feet of frontage on US-27 (39,000+ VPD)
Executive Summary
The property, located directly across the street from the Lakeshore Mall, is surrounded by nearly 50,000 people within a five-mile radius, earning an average household income of $67,000+. Interstate-98, also known as US Highway-27 is the main north-south thoroughfare in Sebring, FL. The highway extends as for south as Miami, and heads north through the capital of Tallahassee, crossing the Florida-Georgia state line. Sebring is most known for the Sebring International Raceway (created on a former airbase), which hosts international sports car races, such as “The Ferrari Challenge” and “Creventic 24H.” Other attractions for tourists and locals alike are the countless number of golf courses which pepper the city and county, that includes a PGA course called the Sun-n-Lake Golf Club, less than four-miles North of the subject property. Between the tourist who are staying in a nearby hotel and the local residents, the property provides fast and reliable food service to patrons on a daily basis.
Property Facts
Amenities
- Freeway Visibility
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- 2,097 SF
- -
- -
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.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
|
|
Accommodation and Food Services | 2,097 SF | - | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | C-26-34-28-010-00B0-0080 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $556,384 |
PROPERTY TAXES
Presented by
600 Us-27 N
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