2219 Gallatin Pike N - Restaurant FOR SALE
Madison, TN 37115 |
2219 Gallatin Pike N
Madison, TN 37115
HIGHLIGHTS
- ABS NNN lease structure with zero landlord responsibilities
- Established Presence – IHOP has been operating at this location for over 20 years, showing a strong commitment to the site.
- The property is operated by one of the largest franchise companies in the country, Sun Holdings, who acquired the operations of this location in 2020
- Phenomenal location – less than +15 miles from Downtown Nashville, sees over 39,000 VPD, and there over 101,165 people in a 5-mile radius
- Strong Hedge against inflation – 10% rental increases every 5 years
- Low rent for the market, mitigating risk at the end of base term
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
-
BUILDING DETAILS
PROPERTY NAME
IHOP
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
4705
STORIES
1
YEAR BUILT
1995
SPRINKLERS
-
PARKING SPACES
60
LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
026-15-0-041
