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220 N Frontage Rd
Meridian, MS 39301

$1,804,195 USD

Restaurant For Sale  •  3,839 SF

Property Details

• Property Type Restaurant
• Total Building Size 4,950 SF
• Lot Size 1.18 AC
• Building Class C
• Year Built 2015
• Cap Rate 7.15 %
• Tenancy Single

0 Transit Score

45 Walk Score

Highlights

Long-Term Absolute NNN Lease – ±11 years remain on the lease and there are zero landlord responsibilities or expenses, providing 100% passive income.

Hotel Location – The IHOP is positioned in a prime area with more than 15 hotels within a 1-mile radius.

Freeway Location – The property enjoys a highly strategic position directly off Hwy 20, a major thoroughfare with a daily traffic volume.

Strong Retail Corridor – The property is located across the street from the Uptown Meridian Mall and next to national retailers such as Wal-Mart.

National Tenant – IHOP, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world with over 1,750 locations.

Cap Rate:

7.15 %

Amenities

• Wheelchair Accessible
• Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
Meridian Union Station (Crescent - Amtrak)	4 min	-	2.0 mi