906 Turner St Maryville, TN 37801-3840

This exceptional investment opportunity presents a 5,000 square foot IHOP restaurant located at 906 Turner St, Maryville, TN 37801. The property boasts a strong 7.00% cap rate and a substantial net operating income (NOI) of $157,000. Offered at $2,242,857, this represents a land value of $368 per square foot. The property features a single-tenant, absolute NNN lease with IHOP Leasing, LLC, a subsidiary of Dine Brands Global, Inc., ensuring minimal landlord responsibilities. The current lease has four years remaining, providing immediate cash flow and long-term stability. Originally built in 1997, the IHOP location has a proven track record, with the current lease being an extension from a lease initially signed in December 1998. This strategically located restaurant benefits from its proximity to major retailers, including a Home Depot and a Target-anchored power center, and is situated across US Hwy 321 from the Foothills Mall, a regional shopping center with approximately 70 stores and restaurants. Recent improvements to Foothills Mall Drive have enhanced traffic flow in the area, further increasing visibility and accessibility to the property. The IHOP brand's long-standing history and resilience contribute to the investment's overall strength and potential for continued success. This is an ideal opportunity for passive investors seeking a stable, high-return investment in a thriving retail environment.