1661 Sycamore View Rd - Restaurant FOR SALE


Memphis, TN 38134- Bartlett
$3,153,000 USD
954-302-7365
1661 Sycamore View Rd, Memphis, TN for Sale
$3,153,000 USD
Restaurant - FOR SALE
1/8
null | 7.5% Cap Rate

1661 Sycamore View Rd
Memphis, TN 38134
Bartlett


HIGHLIGHTS

  • Corporate Guaranteed | Options To Extend | Long Operating History | NYSE: DIN | Scheduled Rent Increased
  • Absolute NNN | Fee Simple Ownership | No State Income Tax | Zero Landlord Responsibilities
  • High Visibility Location | Off Signalized, Four-Way Intersection | Off I-40 (169,000 VPD) | Direct Consumer Base | Limited Competition
  • Dense Demographics In 5-mile Trade Area | Six-Figure Incomes

OVERVIEW

• Tenant has operated at this location for 20+ years and has 6 years remaining on their lease • The tenant has already exercised two of their option periods and has 2 (5-year) option periods remaining, reflecting continued success at this location • Corporate guaranty by Dine Brands Global, one of the world’s largest full-service dining companies • As of June 30, 2025, there are 1,797 IHOP restaurants around the world, including restaurants in all 50 states, two U.S. territories and 13 countries outside the United States

FOR SALE DETAILS

PRICE

$3,153,000 USD

PRICE/SF

$665 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

IHOP

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

94

LAND DETAILS

LAND ACRES

1.07 AC

LAND SF

46,609 SF

ZONING

PD

APN/PARCEL ID

089-001- - -00067

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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