3300 Main St, Alice, TX 78332
4,322 SF | Retail Building | Alice, TX 78332 | $2,400,000 ($555/SF) | 6% Cap Rate
For Sale
Active
Asking Price $2,400,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 4,322 SF
- Price / Square Foot
- $555
Listing Contacts
Tyler Strauss
Hunter Steffien
Property Overview
Faris Lee Investments is pleased to present an opportunity to acquire an IHOP on an absolute net lease, ideal for passive investors with no landlord responsibilities, ensuring ease of management. With 10% rental increases every 5 years, the lease provides a hedge against inflation, enhancing long-term returns.
Situated on a 1.22-acre parcel with frontage on Highway 44, the property enjoys high visibility with approximately 15,000 vehicles per day. IHOP, a globally recognized brand under Dine Brands (NYSE: DIN), operates here with strong franchise support and a loyal customer base.
Managed by one of Texas' largest IHOP franchise operators, the property benefits from over 30 years of successful operations and adjacency to a high-traffic Walmart Supercenter-anchored center. Surrounding amenities include hotels, healthcare facilities, and popular retail chains like Dollar Tree and Wingstop.
Strategically located near cultural landmarks such as The Famous King Ranch and Naval Air Station Kingsville, as well as NALF Orange Grove Airport, this investment offers stability and growth potential in a thriving South Texas market.
Situated on a 1.22-acre parcel with frontage on Highway 44, the property enjoys high visibility with approximately 15,000 vehicles per day. IHOP, a globally recognized brand under Dine Brands (NYSE: DIN), operates here with strong franchise support and a loyal customer base.
Managed by one of Texas' largest IHOP franchise operators, the property benefits from over 30 years of successful operations and adjacency to a high-traffic Walmart Supercenter-anchored center. Surrounding amenities include hotels, healthcare facilities, and popular retail chains like Dollar Tree and Wingstop.
Strategically located near cultural landmarks such as The Famous King Ranch and Naval Air Station Kingsville, as well as NALF Orange Grove Airport, this investment offers stability and growth potential in a thriving South Texas market.
Property Details
- Class
- B
- Year Built
- 2015
- Stories
- 1
- Lot Size (sq. ft)
- 53,143 SF
Highlights
- Absolute NNN Lease/ No Landlord Responsibility
- 10% Rental Increases Every 5 Years
- Long term lease with renewal options
- Large 1.22 Acre Parcel
- IHOP – Globally Recognized Restaurant and Iconic Brand
- Adjacent To Highly Trafficked Walmart Supercenter
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