Commercial Real Estate /TN /Shelby County /Memphis /1661 Sycamore View Rd
Commercial Real Estate /TN /Shelby County /Memphis /1661 Sycamore View Rd
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1661 Sycamore View Rd - Restaurant FOR SALE


Memphis, TN 38134 | 
Off Market
1/10

1661 Sycamore View Rd
Memphis, TN 38134

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HIGHLIGHTS

  • Successfully negotiated an early long-term lease extension in the midst of COVID-19
  • 11+ years remaining on an absolute triple net lease with IHOP Leasing, LLC (corporate entity)
  • Fixed 7.50% rental increases every 5 years throughout the base term and options

FOR SALE DETAILS

PRICE

-

CAP RATE

-

% LEASED

-

TENANCY

-

BUILDING DETAILS

PROPERTY NAME

IHOP | 6% CAP | 11+ Yrs | Absolute NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

4750

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

08-9001-0-0067
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