Bay Landing, Bonita Springs, FL 34135 | MLS 216015509 | Listing Information | BHHS Florida Realty

Bay Landing,  Bonita Springs FL, 34135

Status: Active
MLS#: 216015509
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Last Updated: 12/3/2016 9:21 AM
Description for Bay Landing Bonita Springs, FL 34135
Sales-Lease Back IHOP Restaurant. Offering includes Real Estate only, Business and FF&E is not included. All tours of the property by appointment only and please do not disturb the employees. Free standing 4,000+/- SFT, built in 2000 with great US41 exposure and 56 parking spaces. Owner, a private investor/operator, who does not own other IHOPs, has been operating this successful business at this location since 2002. Located at SE quadrant of US41 and West Terry Street in Bay Landing shopping center with The Fresh Market, Home Goods, Outback Steakhouse, Carrabbaâs & Starbucks anchor stores. Great investment, generating $130,000 NOI rent at 6.5% Cap Rate, 10 Yr Lease with 3% escalation staring on 6th year with two 5 years options to renew. Building is at excellent condition. It was remodeled in August 2015 and the roof was resurfaced then. International House of Pancakes® was established in 1958 when it opened its doors in the suburbs of Los Angeles. Fifteen years later, a new marketing campaign introduced the acronym "IHOP". As of 2015, there were 1,650 IHOP restaurants in 50 states and the District of Columbia, as well as other countries.
Price
$2,000,000
Lee
216015509
Active
Description
Sales-Lease Back IHOP Restaurant. Offering includes Real Estate only, Business and FF&E is not included. All tours of the property by appointment only and please do not disturb the employees. Free standing 4,000+/- SFT, built in 2000 with great US41 exposure and 56 parking spaces. Owner, a private investor/operator, who does not own other IHOPs, has been operating this successful business at this location since 2002. Located at SE quadrant of US41 and West Terry Street in Bay Landing shopping center with The Fresh Market, Home Goods, Outback Steakhouse, Carrabbaâs & Starbucks anchor stores. Great investment, generating $130,000 NOI rent at 6.5% Cap Rate, 10 Yr Lease with 3% escalation staring on 6th year with two 5 years options to renew. Building is at excellent condition. It was remodeled in August 2015 and the roof was resurfaced then. International House of Pancakes® was established in 1958 when it opened its doors in the suburbs of Los Angeles. Fifteen years later, a new marketing campaign introduced the acronym "IHOP". As of 2015, there were 1,650 IHOP restaurants in 50 states and the District of Columbia, as well as other countries.
Listing Information
Property Type: Other, 1 Story
0.91 Acres 2000 1
Neighborhood
Room Information
Exterior / Lot Features
None
CPD
Driving Directions
US41 Exposure, SE quadrant of US41 and West Terry Street in Bay Landing shopping center.
Financial Considerations
33-47-25-B2-03300.0050
$9,520
2015
Market Trends and Price History
Listing Price History

Bonita Springs Real Estate

Bonita Springs is located in Florida. Bonita Springs, Florida 34135 has a population of 44,517.

The median household income in Bonita Springs, Florida 34135 is $51,629. The median household income for the surrounding county is $48,453 compared to the national median of $53,046. The median age of people living in Bonita Springs 34135 is 53.5 years.

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Courtesy: CRE Consultants LLC
The source of this real property information is the copyrighted and proprietary database compilation of the M.L.S. of Naples, Inc. Copyright 2016 M.L.S. of Naples, Inc. All rights reserved. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it. The data relating to real estate for sale on this Website come in part from the Broker Reciprocity Program (BR Program) of M.L.S. of Naples, Inc. Properties listed with brokerage firms other than this broker are marked with the BR Program Icon or the BR House Icon and detailed information about them includes the name of the Listing Brokers. The properties displayed may not be all the properties available through the BR Program. The accuracy of this information is not warranted or guaranteed. This information should be independently verified if any person intends to engage in a transaction in reliance upon it.
Information is deemed reliable but is not guaranteed.

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