Single-Tenant IHOP
For Sale
Contact for pricing
2000 W Northern Ave, Phoenix, AZ 85021
Single-tenant IHOP restaurant building operating under a long-term net lease with approximately 17 years remaining.
Property Size4,769 SF
Lot Size1.59 Acres
Price / SF$880.69
Days on Market63
Property Features for 2000 W Northern Ave
General Information
Standard status
Active
Size
4,769 SF
Lot size
1.59 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$210,000
Building Details
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #3327646
(888) 737-2264
Source:
Crexi
Added: Jul 7
Changed: Sep 6
Last Checked: Sep 7 at 1:32PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Bang Realty
Investment Insights
Based on property information with market context.
This offering presents a single-tenant IHOP restaurant property comprising a 4,769± square foot restaurant building on a 1.59± acre parcel. The building is occupied by IHOP under a long-term net lease.
The current lease is in its seventh year of a 24-year term, with an expiration date of January 30, 2043 and approximately 17 years remaining. The property is located along Northern Avenue within the Phoenix metropolitan area.
For investors seeking a long-term, single-tenant restaurant asset, the lease structure provides continued operating occupancy through the stated lease term.
The current lease is in its seventh year of a 24-year term, with an expiration date of January 30, 2043 and approximately 17 years remaining. The property is located along Northern Avenue within the Phoenix metropolitan area.
For investors seeking a long-term, single-tenant restaurant asset, the lease structure provides continued operating occupancy through the stated lease term.
Key Highlights
- Single‑tenant IHOP restaurant at 2000 W Northern Avenue, Phoenix, AZ.
- 4,769± SF restaurant building on a 1.59± acre parcel.
- IHOP occupies the property under a long‑term net lease with 17 years remaining.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 85021, AZ
40,943
Population
18,136
Households
2.3
Avg Household Size
35
Median Age
33%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,934
Density / Sq Mi
$58,481
Median Household Income
$38,147
Median Earnings
$1,221
Median Rent
$433,000
Median Home Value
Market
Vacancy Rate% for Retail in Phoenix, AZ
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Breakfast & diner - Single-tenant IHOP restaurant building operating under a long-term net lease with approximately 17 years remaining.
Where is this breakfast & diner located?
The property is located at 2000 W Northern Ave Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: Single‑tenant IHOP restaurant at 2000 W Northern Avenue, Phoenix, AZ.; 4,769± SF restaurant building on a 1.59± acre parcel.; IHOP occupies the property under a long‑term net lease with 17 years remaining.
