Shops to Bel Air Grocery-Anchored Shopping Center | 100% Occupied
Roseville, CA
IHOP | Absolute NNN Lease
11475 Cinema Dr. D’Iberville, MS 39540
Price: $2,736,000
Status: Hidden
Cap Rate: 6.75%
Year Built: 2012
NOI: $184,685
Lot Size: 0.95 acres
Price Per Foot: $526
Lease Type: Triple-Net (NNN)
Remaining Term: 11.8 Years
GLA: 5,200 sqft
Property Intro
Lee & Associates and Bang Realty are pleased to present the IHOP NNN restaurant property, a well-located and stable investment opportunity with an absolute NNN lease in place. The property is situated at 11475 Cinema Dr, D’Iberville MS 39540 and comprises a 5,200 sq ft building on 0.95 acres of land, with a long-term lease in place to Encore Restaurants, a strong national tenant with a credit rating of BB- by S&P Global.
The lease has a remaining term of 11.8 years, with rent increases of 10% every 5 years, offering an attractive and secure investment. The property offers a competitive cap rate of 6.75% with annual rental income of $184,684.50. The purchase price for this investment property is $2,736,000, making it an attractive opportunity for investors seeking a stable and attractive return.
investment highlights
- The Lease is Guaranteed by Encore Restaurants, a wholly owned subsidiary of Dallas, Texas based Encore Enterprises, Inc. (www.encore.biz), a vertically integrated commercial real estate company. Encore Restaurants is an experienced multi concept restaurant operator. In addition to operating a large portfolio of IHOP locations, they are also one of the largest Five Guys operators in the country with 200 locations.
- The property is subject to an absolute NNN lease, meaning the tenant is responsible for all operating expenses, including property taxes, insurance, and maintenance, providing investors with zero landlord responsibilities.
- The lease has a remaining term of 11.8 years, with rent increases of 10% every 5 years.
- The property is situated in a highly desirable commercial district of D’Iberville, Mississippi, with high visibility and easy access to major transportation routes, including Interstate 10 and Highway 67, making it an attractive location for tenants and investors.
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