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IHOP 2285 S Archibald Ave 4,501 SF Retail Building Ontario, CA 91761 $4,046,853 CAD ($899.10 CAD/SF) 6% Cap Rate
Investment Highlights
- Triple Net Lease (NNN)
- Growing Market Demand
- Secured by a Leading National Brand
- Proximity to Major Retail and Residential Developments
Executive Summary
NNN Pro is pleased to present the exclusive listing for a IHOP located at 2285 South Archibald Avenue, Ontario, California 91761. The site consists of roughly 4501 rentable square feet of building space on an estimated 0.17-acre parcel of land. This IHOP is subject to a 37-year Triple Net (NNN) lease, which commenced 10/6/1989. The current annual rent is $178,669 and has scheduled increases of 7.00% Every 5 Years.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,501 SF
Building Class
B
Year Built
1992
Price
$4,046,853 CAD
Price Per SF
$899.10 CAD
Cap Rate
6%
NOI
$242,811 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.61
Lot Size
0.17 AC
Zoning
SP
Frontage
219’ on S Archibald Ave
Nearby Major Retailers
Property Taxes
| Parcel Number | 1083-071-13 | Improvements Assessment | $3,738,004 CAD |
| Land Assessment | $553,778 CAD | Total Assessment | $4,291,783 CAD |
Property Taxes
Parcel Number
1083-071-13
Land Assessment
$553,778 CAD
Improvements Assessment
$3,738,004 CAD
Total Assessment
$4,291,783 CAD
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IHOP | 2285 S Archibald Ave
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