11475 Cinema Dr. Listing Details & Market Data

OFFERING SUMMARY Price: $2,736,000 Cap: 6.75% NOI: $184,685 PROPERTY SUMMARY Address 11475 Cinema Dr. D’Iberville, MS 39540 Tenant IHOP Guarantor Encore Restaurants, LLC (https://encore.bz/) Building Size: 5,200 SF Land Size: 0.95 acres Year Built: 2012 Ownership: Fee Simple MORE HIGHLIGHTS *Strong Tenant *Absolute NNN Lease *Long Term Lease *High-Quality Location *Strong Demographic Profile *Rental Income Increases Lee & Associates and Bang Realty are pleased to present the IHOP NNN restaurant property, a well-located and stable investment opportunity with an absolute NNN lease in place. The property is situated at 11475 Cinema Dr, D’Iberville MS 39540 and comprises a 5,200 sq ft building on 0.95 acres of land, with a long-term lease in place to Encore Restaurants, a strong national tenant with a credit rating of BB- by S&P Global. The lease has a remaining term of 11.8 years, with rent increases of 10% every 5 years, offering an attractive and secure investment. The property offers a competitive cap rate of 6.75% with annual rental income of $184,684.50. The purchase price for this investment property is $2,736,000, making it an attractive opportunity for investors seeking a stable and attractive return. ***CONTACT LISTING BROKERS FOR MORE INFORMATION***