IHOP Absolute NNN
For Sale
Contact for pricing
40489 US Hwy 19 N, Tarpon Springs, FL 34689
Freestanding restaurant facility completed in 2020 and subject to an absolute NNN ground lease.
Property Size4,500 SF
Days on Market144
Property Features for 40489 US Hwy 19 N
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Retail
Building Details
Year Built
2020
Buildings
1
Listing Agency:
CBRE - Atlanta
Listed By:
Brian Pfohl · License #GA 349355
(404) 504-7893
Source:
Crexi
Added: Apr 12
Changed: Aug 31
Last Checked: Aug 30 at 5:50PM
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 CBRE - Atlanta
Investment Insights
Based on property information with market context.
This offering consists of an IHOP absolute NNN ground lease supporting a freestanding restaurant building at 40489 US Hwy 19 N in Tarpon Springs, Florida. Completed in 2020, the approximately 4,500-square-foot facility follows IHOP’s newest prototype design.
The lease has approximately 14.0 years remaining in its primary term, along with four 5-year renewal options. Annual rent escalations of 1.00% apply throughout the renewal periods. The property is located within the Tampa-St. Petersburg-Clearwater MSA, identified in the source information as having a population of 3.2 million.
The lease has approximately 14.0 years remaining in its primary term, along with four 5-year renewal options. Annual rent escalations of 1.00% apply throughout the renewal periods. The property is located within the Tampa-St. Petersburg-Clearwater MSA, identified in the source information as having a population of 3.2 million.
Key Highlights
- IHOP absolute NNN ground lease
- Approximately 14.0 years remaining in the primary lease term
- Four 5‑year renewal options
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
800
Businesses Nearby
42k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 98%
Home Improvements & Furnishings 2%
Cody's Original Roadhouse
Dining
11,835 visits/mo
0.4 miles
Burger King
Dining
10,122 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,461 visits/mo
0.2 miles
IHOP
Dining
6,269 visits/mo
0.1 miles
Firehouse Subs
Dining
1,889 visits/mo
0.1 miles
Demographics for 34689, FL
27,436
Population
14,193
Households
1.9
Avg Household Size
53
Median Age
32%
College-Educated
93%
High-School Grad
10.6 sq mi
ZIP Area
2,588
Density / Sq Mi
$66,523
Median Household Income
$45,294
Median Earnings
$1,207
Median Rent
$311,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant facility completed in 2020 and subject to an absolute NNN ground lease.
Where is this nnn property located?
The property is located at 40489 US Hwy 19 N Tarpon Springs, FL.
What are key features of this property?
This property features: IHOP absolute NNN ground lease; Approximately 14.0 years remaining in the primary lease term; Four 5‑year renewal options
