8901 I-35 Frontage Rd Austin, TX 78748

This exceptional investment opportunity features a 4,127 square foot IHOP restaurant in Austin, Texas, situated on a 0.83-acre lot at 8901 S I-35 Frontage Rd, zip code 78748. The property boasts a strong 6.70% cap rate, generating a net operating income (NOI) of $184,245. The property is a fee simple ownership with a single tenant, a franchisee of the IHOP brand, under a triple net (NNN) lease. The lease commenced January 31, 2004, and expires January 30, 2029, leaving approximately 5.5 years remaining. The initial lease term was 20 years, and the current annual rent includes scheduled 1.25% annual increases. Built in 2004, this established restaurant benefits from a prime location with high visibility and traffic on I-35. The asking price is $2,750,000, translating to a price per square foot of $666.34. The property is currently 100% occupied. This is a rare opportunity to acquire a well-established, high-performing restaurant investment in a desirable Texas market.