1428 Beltline SW Rd Decatur, AL 35601-5504
- Turn key restaurants
- 3,632 SF
- 1.10 lot acres
Current Use by Public Records
- IHOP / American Restaurant / Breakfast Restaurant
Property Details for 1428 Beltline SW Rd
- Year built
- 1999
- Lot size
- 1.10 lot acres
- Property size
- 3,632 SF
- Property type
- Turn key restaurants
- APN
- 02-07-36-3-000-001.015
- APU
- 207363000001015
Description
This exceptional investment opportunity presents a chance to acquire a leasehold interest in a thriving IHOP restaurant located at 1428 Beltline Rd SW, Decatur, Alabama. The 3,632 square foot restaurant sits on a 1.1-acre lot and boasts a strong 11.00% cap rate, generating a net operating income (NOI) of $80,000. The property benefits from a long-term, absolute NNN lease with IHOP Properties, Inc., a subsidiary of the publicly traded Dine Brands Global (NYSE:DIN), extending until October 31, 2034, with approximately 9.9 years remaining. The lease includes a 10% rent increase every five years, providing built-in growth potential. The property enjoys excellent visibility due to its direct frontage on Beltline Road, a high-traffic area with over 29,000 vehicles passing daily. This single-tenant, 100% occupied property offers a secure, passive income stream with minimal landlord responsibilities. The lease includes one five-year renewal option, further enhancing the long-term value of this investment. Built in 1999, this property represents a compelling opportunity for investors seeking a stable, high-return investment in a well-established national brand. The lease commenced June 8, 2021.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Morgan
- State
- Alabama
- Longitude
- -87.0096
- Latitude
- 34.5655
- CBSA code
- 19460
- CBSA name
- DECATUR, AL METROPOLITAN STATISTICAL AREA
