920 Gilbert Rd, Gilbert, AZ 85296-3434

This exceptional investment opportunity presents a freestanding IHOP restaurant located at 920 S. Gilbert Road in Gilbert, Arizona. The property boasts a substantial 4,022 square feet of net rentable space situated on a generous 39,043 square foot lot. Currently operating as an IHOP, this single-tenant property offers a compelling owner-user scenario or an attractive absolute NNN investment opportunity. The asking price is $4,000,000, representing a strong 6.00% capitalization rate with a current Net Operating Income (NOI) of $241,000. The property features a 25-year lease with three, 5-year renewal options, with 3 years remaining on the current term. The property's location in Maricopa County, Arizona (zip code 85296), provides excellent visibility and accessibility. This single-story building presents a rare chance to acquire a well-established, high-performing restaurant in a thriving market. The property's APN is 302-82-970. This is an ideal opportunity for investors seeking a stable, high-return investment with significant upside potential. The property's strong performance and favorable lease terms make it an attractive proposition for both owner-users and passive investors. Don't miss this chance to acquire a prime commercial property in a desirable location.