Net Leased IHOP
For Sale
$1,795,000
900 Longpine Rd, Burlington, NC 27215
Single-tenant IHOP net lease includes a renovated 1994-built restaurant on a 1.16-acre site.
Property Size4,790 SF
Lot Size1.16 Acres
Price / SF$374.74
Days on Market61
Property Features for 900 Longpine Rd
General Information
Standard status
Active
Size
4,790 SF
Lot size
1.16 Acres
Property subtype
Restaurant
Lease Type
Absolute Net
Site & Location
Traffic Count
18,000 vehicles/day
Highway Access
Yes
Additional Details
Cap Rate
7.22%
Amenities
Operating Successfully for Thirty Years
Lease Guarantee is Suncakes LLC, a 34 location franchise
Parent is Sun Holdings - 2nd Largest Franchise Operator in the Country
Built in 1994 with Recent Interior Renovation
High Visibility from Interstate 85/40 - VPD of 133,000
1/3 Mile from Cone Health Alamance Regional Hospital
Area is a Medical Service Hub Surrounded by Hotels
Two Pylon Signs - Visible from I-85/40
Building Details
Building Size
4,790 SF
Year Built
1994
Tenancy
Single
Listing Agency:
Marcus & Millichap - Raleigh
Listed By:
Donald Gilchrist · License #License(s): NC: 241055
(919) 674-1104
Source:
Marcusmillichap
Added: Jul 8
Changed: Aug 31
Last Checked: Sep 5 at 4:00AM
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 Marcus & Millichap - Raleigh
Investment Insights
Based on property information with market context.
This single-tenant net leased IHOP restaurant features a 4,790-square-foot building constructed in 1994 and subsequently renovated with contemporary interior furnishings and fixtures. The property sits on a 1.16-acre site and has been operating for thirty years at the location.
The restaurant is positioned at the intersection of I-85/40 and Huffman Mill Rd. Traffic counts at the intersection are reported at 133,000 vehicles per day, with Huffman Mill Rd frontage traffic of 18,000 vehicles per day.
The lease guarantor and operator is Suncakes, LLC, a 34-unit IHOP franchise with locations in NC, VA, and SC. Suncakes is owned by Sun Holding.
The restaurant is positioned at the intersection of I-85/40 and Huffman Mill Rd. Traffic counts at the intersection are reported at 133,000 vehicles per day, with Huffman Mill Rd frontage traffic of 18,000 vehicles per day.
The lease guarantor and operator is Suncakes, LLC, a 34-unit IHOP franchise with locations in NC, VA, and SC. Suncakes is owned by Sun Holding.
Key Highlights
- Single‑tenant IHOP net leased restaurant on 1.16 acres in Burlington, NC
- 4,790 SF restaurant building constructed in 1994 and since renovated with contemporary interior furnishings and fixtures
- Operating IHOP location with 30 years at the site
Property Analytics
Property Profile
Current Use
Lease Details
18,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,070
Businesses Nearby
470k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Superstores 27%
Shops & Services 14%
Home Improvements & Furnishings 6%
Walmart
Superstores
127,838 visits/mo
0.4 miles
Chick-fil-A
Dining
64,474 visits/mo
0.3 miles
Cracker Barrel Old Country Store
Dining
31,421 visits/mo
0.3 miles
Golden Corral
Dining
29,451 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
28,624 visits/mo
0.4 miles
Demographics for 27215, NC
44,620
Population
21,854
Households
2
Avg Household Size
42
Median Age
37%
College-Educated
92%
High-School Grad
63.1 sq mi
ZIP Area
707
Density / Sq Mi
$66,669
Median Household Income
$45,267
Median Earnings
$1,112
Median Rent
$241,700
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?
Conventional restaurant - Single-tenant IHOP net lease includes a renovated 1994-built restaurant on a 1.16-acre site.
Where is this conventional restaurant located?
The property is located at 900 Longpine Rd Burlington, NC.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Single‑tenant IHOP net leased restaurant on 1.16 acres in Burlington, NC; 4,790 SF restaurant building constructed in 1994 and since renovated with contemporary interior furnishings and fixtures; Operating IHOP location with 30 years at the site
