Realmo Analytics
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Property summary
This exceptional investment opportunity presents a 5,049 square foot IHOP restaurant in Gilbert, Arizona, operating under a 16-year absolute triple-net (NNN) lease with a highly reputable franchisee. The lease, expiring October 24, 2040, includes a 7.5% rent increase every five years and multiple five-year renewal options, ensuring long-term, stable income. The property boasts a strong 5.00% cap rate and a substantial net operating income (NOI) of $135,000 annually. Built in 1999, this… single-tenant property sits on a 1.07-acre lot at a prime location on East Baseline Road, benefiting from high traffic counts exceeding 74,350 vehicles daily. Its proximity to Highway 60 (207,938 cars per day) and the Village Square at Dana Park further enhances its visibility and accessibility. The property's central location within a short drive of both Downtown Gilbert and Downtown Mesa ensures consistent customer traffic. This is a rare opportunity to acquire a well-established, high-performing restaurant property with a secure, long-term lease and significant upside potential. The asking price is $2,700,000, representing a price per square foot of $534.76. The property currently enjoys 100% occupancy.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Debts
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Oct 2026Realmo valuation models over county records and 9 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 14 properties nearbyComparable nearby
Similar Nearby for Sale
Similar Nearby for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $199/month
- GBA
- 5,220 SF
- Lot area
- 1.07 ac
- Year built
- 1999
- Stories
- 1
- APN
- 309-03-940
- Zoning
- C-C
- Assessed value · 2024
- $295,398
- Annual tax · 2022
- $19,404
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $199/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
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- Signals, scores & lead lists
- 300 owner contacts a month
- 30 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
Cancel anytime.
- Signals, scores & lead lists
- 1500 owner contacts a month
- 150 full reports a month
- Ownership
- Owner Contacts
- Location Analytics
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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