Net Leased IHOP for Sale Burlington, NC

• Net Leased IHOP for Sale
• $2,166,000
• Cap Rate: 6%
• I-40, Exit 141 (900 Longpine Rd)
• Open since 1994
• NOI: $130,000
• 15% increases every 5 years
• 5 years remainig
• 2 x 5-year options
• ± 4,790 SF on 1.03 AC
• ± 68 parking spaces
• 2 elevated pylon signs
• Next to Outback Steakhouse, Holiday Inn, Hampton Inn & Tru by Hilton
• Exceptional Daytime Population in the region’s medical hub
  • Cone Health Alamance Regional Medical Center: 280+ beds & 2,850+ employees

Net Leased IHOP for Sale: ± 4,790 SF full services restaurant on 1.03 AC for sale

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