IHOP 3501 E Busch Blvd

Investment Highlights

NNN - NO LANDLORD RESPONSABILITIES ACROSS BUSCH GARDENS TAMPA THEME PARK Many Hotels Chain on East Busch Blvd include La Quinta INN, Holiday INN, Hampton INN and Hyatt Place ANNUAL ADJUSTMENTS BY CPI Major Tenants on East Busch Blvd include Mc Donalds, KFC, Taco Bell, Dunkin, Red Lobster, Olive Garden, Burger King, Hotbins

Executive Summary

Absolute Net-Leased Asset - No Landlord Responsibilities.49,879 Vehicles per Day Traffic Count.Located Across the Street from Busch Gardens.Annual adjustments by CPI that will hedge the Rent against any potential inflationary environment during the Lease term.The property is located in Tampa, directly across the street from Busch Gardens amusement park on East BuschBoulevard. This street is also known as State Road 580; it is a major commercial and commuter route. The traffic countsalong this steet are 49,879 vehicles per day. It is also a major east-west highway serving Pinellas County and centralHillsborough County, Florida.Noteworthy sites along or near State Road 580 include Countyside Mall, Trinity College, Tampa International Airport,Hillsborough Community Collage, Raymond James Stadium, and Busch Gardens Tampa Bay.Excellent opportunity to purchase an Income producing property free standing building across the renowned Busch Garden Tampa, the first them park in Florida. This building was operated by IHOP restaurant for more than 55 years, now leased to Very Berry Brunch Restaurant , a breakfast focused restaurant that offers a very similar food concept as IHOP.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    2,856
• Building Class    C
• Year Built    1967
• Price    1,457,000
• Price Per SF    510
• Cap Rate    7
• NOI    102,000
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.17
• Land Acres    0.39 AC