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.

About Ernie Saltmarsh

Ernie works for Colliers International in the Northeast Florida Investment Services Group. The team includes Robert Selton, Scott Rogers, Ernie Saltmarsh and Adrienne Miller. Ernie works with buyers who are looking to invest in commercial real estate and sellers who are looking to dispose of investment assets. Ernie's background in research, marketing and finance provide the vital skills necessary to serve his clients.

Posted on August 6, 2015, in Single Tenant Net Leased (STNL) and tagged , . Bookmark the permalink. Leave a comment.

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