8/20/2013 This is a real estate only purchase with a fantastic, stable true triple net long term lease in place. Family owned since the building was purpose built in 1971 for IHOP, lease has been in place with the same franchise company since the beginning. NOI is estimated to be about $100,000 for the year ending May 2012. NOI was $93,512 for the year ending May 2011. There are NO expenses to the property owner, just a $4000 check every month and once a year, a check to bring the annual payment up to 7.5% of the gross receipts. The business is available separately,
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
