13100 Us Highway 301 - Restaurant FOR SALE


Dade City, FL 33525
$1,695,000 USD
786-522-7062
13100 Us Highway 301, Dade City, FL for Sale
$1,695,000 USD
Restaurant - FOR SALE
1/9
null | 6.02% Cap Rate

13100 Us Highway 301
Dade City, FL 33525


HIGHLIGHTS

  • Income Tax Free State
  • Placer.ai estimates the location generates approximately $1.5 million in annual sales, reflecting a healthy rent-to-sales ratio of just 6.8%
  • Below Market Rent
  • Sunshine Restaurant Partners, is one of the largest IHOP franchisees in the United States with over 153+ Restaurants
  • Tampa–St. Petersburg–Clearwater MSA, one of the largest metropolitan areas in the Southeast with a population of approximately 3.42 million

OVERVIEW

Marcus & Millichap is pleased to present the exclusive listing of an absolute net leased IHOP restaurant located at 13100 US-301 in Dade City, Florida. The property is backed by Sunshine Restaurant Partners — one of the largest IHOP franchisees in the United States with 150+ locations. The 5,304 SF building sits on 0.97 acres along US Route 301, a primary retail corridor with nearly 29,000 vehicles per day, and benefits from its position within the high-growth Tampa–St. Petersburg–Clearwater MSA. With a true absolute net lease structure, four 5-year renewal options with rent escalations, and a below-market rent.

FOR SALE DETAILS

PRICE

$1,695,000 USD

PRICE/SF

$320 USD /SF

CAP RATE

6.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

CG

APN/PARCEL ID

35-24-21-0000-03600-0000

ASK ABOUT THIS PROPERTY

Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

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Alyssa ArmstrongMarcus & MillichapMore Info
786-522-7062

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.