Marcus & Millichap Brokers Close $2.4M Sale Of IHOP Property In Springfield

The 4,480-square-foot IHOP property located at 2600 Sunrise Drive in Springfield was sold for $2.4 million. The transaction was facilitated by Marcus & Millichap brokers Chris Lind, Mark Ruble, and Steven Weinstock. The property features a triple-net lease with a franchisee, which includes 10 percent rental increases every five years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,400,000
• Address: 2600 Sunrise Drive
• Market: Springfield
• Square Footage: 4,480
• Price per Square Foot: $536

Steven Weinstock assisted in closing the deal for the IHOP property in Springfield. This transaction marks the successful sale of the property, reflecting the collaboration between Marcus & Millichap brokers Ruble, Lind, and Weinstock in securing a lucrative deal for all parties involved.