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6631 Dudley Drive, Naples, Florida 34105 - Commercial Property SOLD
4,200 SF · Retail Property Information
IHOP NNN Lease Commercial Real Estate
Price $3,150,000
Cap Rate 5.30%
Building Size 4,200 SF
Occupancy 100%
Price per SF $750
Tenancy Single
Property Type Retail
Year Built 2009
Property Sub-type
Free Standing Bldg
Lot Size 0.92 AC
Property Use Type Net Lease Investment with 10+ years left on lease
Description of Investment Property
NNN IHOP (Sunshine Restaurant Partners) lease expiring in 2030. 1.25% annual rent increases. Six five-year options. No landlord responsibilities. Busy 24-Hour IHOP location. There are over 1,650 IHOP restaurants located in 50 states and the D.C., Canada, Guatemala, Mexico, Puerto Rice and the U.S. Virgin Islands. Sunshine Restaurant Partners (lease guarantor) is the exclusive franchisee for Florida IHOP locations. They operate 154 IHOP locations in the states of Florida and Georgia.
Their parent company, Argonne Capital has over 923 restaurants and $154,000,000 in annual system-wide sales. Prime Naples location just off I-75. 60,821 average daily traffic count at the exit. $88,863 average household income in the one-mile radius. 150,097 people in the five-mile radius. The property is in front of two large hotels/motels - Spinnaker of Inn of Naples, and Best Western Naples. The busy Pine Ridge Road and Dudley location is just across from Physicians Regional Pine Ridge Campus, a 101 Bed Hospital, near the La Costa Apartment 276-unit gated community, and near the Baron G. Collier High School with 1724 student enrollment. Next to the IHOP are other retailers such as Hooter's, Waffle House, Dunkin Donuts, Starbucks, Perkins, Circle K, Shell Gas Station, Naples Nissan and Hawthorn Suites by Wyndham.
Their parent company, Argonne Capital has over 923 restaurants and $154,000,000 in annual system-wide sales. Prime Naples location just off I-75. 60,821 average daily traffic count at the exit. $88,863 average household income in the one-mile radius. 150,097 people in the five-mile radius. The property is in front of two large hotels/motels - Spinnaker of Inn of Naples, and Best Western Naples. The busy Pine Ridge Road and Dudley location is just across from Physicians Regional Pine Ridge Campus, a 101 Bed Hospital, near the La Costa Apartment 276-unit gated community, and near the Baron G. Collier High School with 1724 student enrollment. Next to the IHOP are other retailers such as Hooter's, Waffle House, Dunkin Donuts, Starbucks, Perkins, Circle K, Shell Gas Station, Naples Nissan and Hawthorn Suites by Wyndham.
Highlights of Naples Commercial Property
- Busy 24 Hour location
- Just off I-75 with 60,821 ADT
- NNN lease expires 2030
- 1.25% annual rent increases
- $88,863 avg. household income in 1-mile radius
- 150,097 people in the 5-mile radius
Major Net Lease Property Tenant Information
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| IHOP (Sunshine Restaurant Partners) | 4,200 | 3/1/2030 |
6631 Dudley Drive, Naples, Florida 34105 (Collier County)
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