IHOP

2840 Apalachee Pkwy, Tallahassee, FL 32301

  • For Sale $2,840,000
  • Property Type Retail - Street Retail
  • Property Size 4,080 SF
  • Units 1
  • Lot Size 0.66 Acre
  • Additional Rent Contact for pricing
  • Building Class C
  • Year Built 1987
  • Date Updated Jun 24, 2024
Tallahassee is the capital city of the state of Florida. It is the county seat and only incorporated municipality in Leon County. In 2022, the estimated population was 201,731, making it the eighth-most populous city in the state of Florida. It is the principal city of the Tallahassee, Florida Metropolitan Statistical Area, which itself had an estimated population of 390,992 as of 2022. Tallahassee is the largest city in the Florida Big Bend and Florida Panhandle region, and the main center for trade and agriculture in the Florida Big Bend and Southwest Georgia regions. With a student population exceeding 70,000, Tallahassee is a college town, home to Florida State University, Florida A&M University, and Tallahassee Community College. As the capital, Tallahassee is the site of the Florida State Capitol, Supreme Court of Florida, Florida Governor's Mansion, and nearly 30 state agency headquarters. The city is also known for its large number of law firms, lobbying organizations, trade associations and professional associations, including the Florida Bar and the Florida Chamber of Commerce. It is a recognized regional center for scientific research, and home to the National High Magnetic Field Laboratory. In 2015, Tallahassee was awarded the All-America City Award by the National Civic League for the second time. Tallahassee is home to many entertainment venues, theaters, museums, parks and performing arts centers. A major source of entertainment and art is the Railroad Square Art Park. The Railroad Square Art Park is an arts, culture and entertainment district of Tallahassee, Florida, off Railroad Avenue, filled with a variety of metal art sculptures and stores selling artwork and collectibles. Railroad Square is mainly known for its small locally owned shops and working artist studios, and its alternative art scene. On the first Friday of every month, Railroad Square is home to a free gallery hop known as 'First Friday' and features live music, open galleries, and food trucks, where upwards of 5000-7000+ Tallahasseeans of all ages come to enjoy the evening..

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Highlights

  • Absolute NNN with Zero Landlord Responsibilities
  • Long-Term Commitment to the Site | Tenant Has Over 14 Years at This Location
  • Over 6 Years Remaining in Term with Six (6), Five (5) Year Option Periods Available
  • Lease Supports 1.25% Annual Rent Increases
  • IHOP Has Over 1,790 Locations in All 50 States, Two U.S. Territories and 13 Countries Outside of the U.S. | Subsidiary of Dine Brands Which is Publicly Traded (NYSE: DIN)
  • Positioned Along Apalachee Pkwy/U.S. Hwy 27 Which Has Traffic Counts Exceeding 39,000 Vehicles Per Day
  • Situated Within a Busy Retail Corridor and Surrounded by National Retailers Including Aldi, Chick-fil-A, KFC, McDonald's, Popeyes, Sam's Club, Target and Walmart
  • Excellent Visibility with Frontage and Signage Along Apalachee Pkwy/U.S. Hwy 27
  • Multiple Points of Access and Ample Parking Spaces
  • Guarantor: Sunshine Restaurant Merger Sub, LLC (100+ Units)

Contacts

broker

Derek Kello

Encore Real Estate Investment Services

Location

Getting Around

  • Walk Score ®

    70/100 Somewhat Walkable
  • Transit Score ®

    29/100 Some Transit
  • Bike Score ®

    49/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Tallahassee, FL
  • Neighborhood Camelot Park
  • Zip Code 32301
  • Market Tallahassee

Points of Interest

  • Shell

    0.50 miles

  • Texaco

    0.59 miles

  • Circle K

    1.12 miles

  • McKenzie

    1.39 miles

  • Sprint

    1.57 miles

  • BP

    1.70 miles

  • Shell

    2.03 miles

  • Shell

    2.46 miles

  • ChargePoint

    2.54 miles

  • Costco Gasoline

    2.72 miles

  • Newman Lot

    2.78 miles

  • Kleman Plaza Parking Garage

    3.05 miles

  • Saint Augustine Street Garage

    3.40 miles

  • Palm Court Parking Lot

    3.43 miles

  • Call Street Garage

    3.45 miles

  • FSU Commuter Parking

    3.76 miles

  • Traditions Way Garage

    3.86 miles

  • Lot 341

    3.88 miles

  • Pensacola Street Parking Garage

    3.95 miles

  • Woodward Avenue Garage

    4.01 miles

  • IHOP

    0.00 miles

  • Zacadoo's Grille

    0.06 miles

  • Marie Livingston's Steakhouse

    0.09 miles

  • Village Inn

    0.14 miles

  • McDonald's

    0.19 miles

  • Zaxby's

    0.21 miles

  • Whataburger

    0.23 miles

  • Cafe Molido

    0.26 miles

  • Bubba's New York Style Pizza

    0.28 miles

  • Popeyes

    0.38 miles

  • ALDI

    0.32 miles

  • Lynn's Oriental Market

    0.39 miles

  • Target

    0.72 miles

  • Kohl's

    0.92 miles

  • Burlington

    1.07 miles

  • Sears

    1.21 miles

  • Walmart Supercenter

    1.24 miles

  • Governor's Square Mall

    1.30 miles

  • Publix

    1.30 miles

  • Macy's

    1.31 miles

Frequently Asked Questions

How much does IHOP cost?

The space currently listed for sale at IHOP asks for $2,840,000.

What is the total square footage of IHOP?

IHOP totals 4,080 square feet.

When was this property built?

IHOP was built in 1987.

Looking for more in-depth information on this property?

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Contact Listing Broker

broker

Derek Kello

Encore Real Estate Investment Services