Colliers Int’l NE FLA Brokers Sale of Net-Leased IHOP for $2.76M (Full Price)
Colliers International Northeast Florida just brokered the sale of a net leased IHOP, located on Atlantic Boulevard in Jacksonville, FL. IHOP had 13 years remaining on its absolute NNN lease, and was sold to a private investor out of Brazil. Colliers represented the seller and was able to generate multiple offers and ultimately sold the property at full asking price, which equated to a 5% cap rate.
Contact the Investment Services Team for more information on this sale.