Jeff Lefko 8445857682
Bill Asher 8445857684

IHOP | Grand Prairie, TX 4103 S Carrier Pky 5,260 SF Retail Building Grand Prairie, TX 75052 $3,960,000 ($752.85/SF) 6.75% Cap Rate

INVESTMENT HIGHLIGHTS

Single-Tenant Absolute NNN Corporate IHOP: Absolute NNN lease; Zero Landlord Responsibilities
Income Tax-Free State
Ideally Located in the Rapidly Growing Dallas-Fort Worth Submarket: 244% population growth within a 1-mile radius from 2010 to 2020

Long-Term Operating History; IHOP Has Been Operating at the Site Since 2003 (22+ Years)
Excellent Accessibility and Visibility; High-Traffic Location Along Carrier Parkway (40,000 CPD); I-20 Adjacent (149,000 CPD)
Three of Grand Prairie’s Largest Employers are Located within a 5-Mile Radius of the Property (Combined 8,200+ Employees)

EXECUTIVE SUMMARY

Absolute NNN Corporate Lease | Top 5% IHOP Nationwide (Placer.ai) | Dallas-Fort Worth MSA

PROPERTY FACTS

Sale Type

Investment

Property Type

Retail

Property Subtype

Restaurant

Building Size

5,260 SF

Building Class

Year Built

2001

Price

$3,960,000

Price Per SF

$752.85

Cap Rate

6.75%

NOI

$267,336

Tenancy

Single

Building Height

1 Story

Building FAR

0.11

Lot Size

1.15 AC

Zoning

Z236

Parking

75 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

205’ on W Westchester Pkwy

Signage

MAJOR TENANTS

Accommodation and Food Services
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Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF			LEASE END
	Accommodation and Food Services	-	-			-

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
I- 20	S Carrier Pkwy, E	122,714	2024	0.09 mi
I- 20	S Carrier Pkwy, SE	10,049	2025	0.14 mi
S Carrier Pkwy	Westchase Dr, S	42,210	2025	0.15 mi
S Carrier Pkwy	I- 20, N	39,942	2025	0.16 mi
S Carrier Pkwy	I- 20, S	39,436	2025	0.22 mi
Ronald Reagan Memorial Highway	S Carrier Pkwy, E	10,465	2025	0.22 mi
S Carrier Pkwy	W Westchester Pkwy, SE	29,998	2025	0.24 mi
W Westchester Pkwy	S Robinson Rd, W	9,484	2025	0.28 mi
I- 20	S Carrier Pkwy, NW	10,440	2025	0.28 mi
I- 20	S Carrier Pkwy, W	12,901	2025	0.31 mi