111 S Interstate Highway 45 - Restaurant FOR SALE
Ennis, TX 75119 |
$1,800,000 USD
972-755-5279
111 S Interstate Highway 45
Ennis, TX 75119
HIGHLIGHTS
- Vacant 4,160 SF Building on 0.67 Acres in Dallas MSA
- Located Immediately off I-45 at the Intersection of TX-34 with 54,000 VPD and 16,806 VPD, Respectively
- Outparcel to Ennis Crossroads Shopping Center with Major Tenants Taco Bell, Burkes Outlet, Hibbett Sports, Dairy Queen, Taco Cabana and More
- Main Retail Hub Including Walmart Supercenter, Starbucks, McDonald's, Dollar Tree, Whataburger, AutoZone, Exxon, Tractor Supply, and More
- Shared Cross Access with Taco Bell & Chevron and Pole Signage wit Excellent Visibility
OVERVIEW
Marcus & Millichap is pleased to present the opportunity to acquire a former IHOP in Ennis, Texas. The subject property is a 4,160-square-foot building on approximately 0.67 acres of land. The property is well-situated immediately off Interstate 45 at the intersection of Highway 34 with approximately 54,000 and 16,806 vehicles per day, respectively. IHOP will continue to operate until December of 2024 and will continue to pay rent through April 13th, 2025.
FOR SALE DETAILS
PRICE
$1,800,000 USD
PRICE/SF
$433 USD /SF
CAP RATE
10.77%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY NAME
IHOP Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2005
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.67 AC
LAND SF
29,055 SF
ZONING
C
APN/PARCEL ID
230056
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972-755-5279
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972-755-5279
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