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IHop Restaurant 6101 N University Dr 2,475 SF Retail Building Fort Lauderdale, FL 33321 $2,487,300 ($1,004.97/SF) 6% Cap Rate
Investment Highlights
- Positioned within the Miami MSA – Ranked #8 in the U.S. for population size
- Operated by Florida’s largest IHOP franchisee – Sunshine Restaurant Partners operates 150+ locations across Florida and Georgia
- Immediate proximity to HCA Florida Woodmont Hospital (351 beds) and Championship Golf Course
- Long-Term Lease through December 2035
- Strategically positioned along North University Drive (State Road 817), one of Broward County’s primary north-south arterials carrying approximately 5
- 473,000+ residents within a five-mile radius
Executive Summary
The 2,475 square-foot property is strategically positioned along North University Drive (State Road 817), one of Broward County’s primary north-south arterials carrying approximately 53,000 vehicles per day and enjoys convenient access to West Commercial Boulevard (55,000 VPD) and West McNab Road (46,000 VPD). The site sits in immediate proximity to HCA Florida Woodmont Hospital (351 beds) and the Championship Golf Course, generating steady traffic and visibility. The property is also surrounded by several shopping centers occupied by national retailers including ALDI, Publix, Five Below, Ross, Burlington, Raising Cane’s, McDonald’s, Starbucks, and many others. There are 473,000+ residents within a five-mile radius, with average household income exceeding $89,000.
IHOP, short for International House of Pancakes, is an American multinational restaurant chain specializing in breakfast foods was founded on July 14, 1958. Headquartered in Glendale, California, it operates as a subsidiary of publicly traded Dine Brands Global, Inc. (NYSE: DIN), with approximately 99% of its nearly 1,800–1,840 locations (as of recent data from 2022–2023) run by independent franchisees across all 50 U.S. states, two U.S. territories, and 13 international countries. Renowned for its world-famous pancakes and a menu featuring breakfast, lunch, and dinner items served all day in a family-friendly atmosphere, IHOP has grown from a single A-frame restaurant into a widely recognized casual dining icon emphasizing affordable meals and warm service.
Property Facts
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Accommodation and Food Services
- -
- -
- Dec 2035
Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events, and so much more. And no matter what menu items they order, there’s one ingredient that’s always constant — a smile. They've seen millions of smiles over the years in their restaurants, and now shared in photos across their social properties. In fact, smiles are so much a part of their culture that they changed their logo to include one. This is just one of the many fun and exciting changes customers can expect from IHOP®. Because they know the shortest distance between two people is a smile. For more than 63 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers numerous different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Accommodation and Food Services | - | - | Dec 2035 |
Nearby Major Retailers
Property Taxes
| Parcel Number | 49-41-09-23-0010 | Improvements Assessment | $492,400 |
| Land Assessment | $373,250 | Total Assessment | $865,650 |
Property Taxes
Presented by
IHop Restaurant | 6101 N University Dr
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