702 Walmart Dr - Restaurant FOR SALE
Uniontown, PA 15401 |
$3,455,000 USD
602-625-8338
702 Walmart Dr
Uniontown, PA 15401
HIGHLIGHTS
- Absolute NNN corporate-backed lease
- IHOP operates ±1,790 locations in all 50 states
- Outparcel to Walmart, with other national tenants in the center including Dick’s Sporting Goods, Hobby Lobby, Applebee’s, and Great Clips
- Nearby retailers include Home Depot, Lowe’s, Sherwin-Williams, T.J. Maxx, Target, PetSmart, Dollar Tree, Harbor Freight and Staples
- Within the Pittsburgh MSA with an estimated population of over 2.4 Million
- IHOP is owned by public traded company Dine Brands (dinebrands.com)
OVERVIEW
Retail Investment Group is pleased to offer for sale this IHOP in Uniontown, Pennsylvania which part of the Pittsburgh MSA with an estimated population of over 2.4 Million. This opportunity features an absolute NNN lease with zero landlord responsibilities. Built in 2008, this IHOP has been operating at this location for approximately 17 years. This ±5,421 square-foot building sits on a ±1.49-acre lot.
Broker of Record:
Brian Brockman
Lic: RM423816
Bang Realty-Pennsylvania Inc
513.898.1551
bor@bangrealty.com
FOR SALE DETAILS
PRICE
$3,455,000 USD
PRICE/SF
$677 USD /SF
CAP RATE
7.75%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
IHOP Corporate-Backed Lease
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2008
SPRINKLERS
-
PARKING SPACES
100
LAND DETAILS
LAND ACRES
1.49 AC
LAND SF
64,904 SF
ZONING
General Business
APN/PARCEL ID
34-01-0089-04
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602-625-8338
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602-625-8338
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