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7450 NW 186th St
4,524 SF Retail Building Hialeah, FL 33015 $2,823,529 ($624/SF) 4.25% Cap Rate
Investment Highlights
- IHOP has been operating at this location since 1998 and exercised their 6th renewal option in 2023, showing a strong commitment to the site.
- Long Term triple-net (NNN) lease.
- This location benefits from Annual Rent based on six percent of the Gross Annual Sales.
- One 5-year renewal option remaining in 2028.
- Historical sales at this location are $2,000,000 annually (+/-), making it a strong performance store.
- Largest IHOP franchisee with over 150 restaurants throughout Florida and Southern Georgia.
Property Facts
Amenities
- Pylon Sign
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Nov 2033
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 | - | - | Nov 2033 |
PROPERTY TAXES
| Parcel Number | 30-2011-029-0010 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,823,716 |
PROPERTY TAXES
-
Jonathan Hernandez - R I C Inc
Presented by
R I C Inc
7450 NW 186th St
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