IHOP-94th Percentile (Placer AI)-Absolute Net(NNN) — Sale in Dallas, TX
- Price: Contact for price
- Listing type: For sale
- Asset type: Restaurant
- Location: Dallas, TX 75211
Photos
Investment Figures
- Cap rate
- 6.51%
Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.
Description
Marcus & Millichap is pleased to present the opportunity to acquire an absolute net-leased property investment consisting of a top-performing IHOP family-dining restaurant at 4333 Dallas Fort Worth Turnpike, Dallas, Texas 75211. Following 20 years of successful operation at this site, IHOP just exercised their first 5-year option. Three (3) 5-year renewal options remain for a potential term extending through 2051. The rent grows and compounds annually with 1.25% annual rent increases. The next rent increase is on January 1, 2027. This IHOP is located right off a major highway and within 1 MI radius of 5 hotels w/ combined 400+ hotel keys. It operates 24-hours-a-day and ranks in the 94th percentile of all IHOP locations nationwide by Placer.AI. The restaurant has established performance and a reliable long-term revenue stream supported by scheduled bumps and renewal options. The subject property is a 5,079 SF building constructed in 2007 situated on a 0.95-acre (41,382 SF) parcel in Dallas County. The freestanding pad offers surface parking, direct frontage, and high-visibility signage along Interstate 30/DFW Turnpike (180,000+ VPD), with a second access point off the Cockrell Hill corridor (5,000+ VPD). Interstate 30 links the site directly to downtown Dallas to the east and to the mid-cities and the city of Fort Worth to the west. This IHOP is within the neighborhood’s primary retail corridor, drawing from interstate traffic and proximity to the I-30 and Cockrell Hill retail node which includes national anchors such as Walmart and Lowe’s. The trade area has a population of 4,917 within one mile, 76,287 within three miles, and 236,280 within five miles, with average household incomes of $62,796, $82,188, and $84,722, respectively. Dallas–Fort Worth remains one of the fastest-growing metropolitan areas in the United States. Continued infill housing density and employment along the I-30 corridor support long-term demand for this all-day dining use. IHOP, a flagship br
Market Context
This food service in Dallas, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing food service assets. Compare it against other food service listings for sale in Dallas, TX — view the full market.
Contact the listing broker
This listing comes from the Marcus & Millichap website. CREhunt does not pass messages to the broker. Contact the broker directly.
- Scott Sandelin · (786) 522-7009 · scott.sandelin@marcusmillichap.com
- Eddie Romo · (786) 522-7034 · edward.romo@marcusmillichap.com
- Tim Speck · (972) 755-5200
Questions to ask the broker
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- What is the asking price?
- What is the current zoning, and does it allow my intended use?
- How many parking spaces come with the property?
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