SOLD
Marcus & Millichap Brokers Close $2.4M Sale Of IHOP Property In Springfield
2600 South Sunrise Drive
Retail
4,480 SF
4,480 SF
Sold 71 days ago
Summary
Sale
ILLINOIS
Retail
4,480 sqft
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.
Players
All
4
Agents
3
Agencies
1
Details
SOLD
IMAGE: Chris Lind, Mark Ruble & Steven Weinstock
DATE: 02/20/2024
ADDRESS: 2600 Sunrise Drive
MARKET: Springfield
ASSET TYPE: Retail
BROKERS: Chris Lind, Mark Ruble & Steven Weinstock - Marcus & Millichap (@MarcusMillichapinc)
SALE PRICE: $2,400,000
SF: 4,480 ~ PPSF: $536
NOTE: Marcus & Millichap brokers Mark Ruble and Chris Lind facilitated the $2.4 million sale of a 4,480-square-foot IHOP property in Springfield, with Steven Weinstock assisting in closing the deal, including a triple-net lease with a franchisee featuring 10 percent rental increases every five years.View on map
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Address2600 South Sunrise Drive
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