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111 South Interstate 45

John Wilbur Sells Former IHOP Retail Property In Ennis Texas Represented By John Paine
SOLDRetail

John Wilbur Sells Former IHOP Retail Property In Ennis Texas Represented By John Paine

111 South Interstate 45

Building Size

4,160 SF

Asset Type

Retail

Closing

Mar 10, 2025

AI

The property involved in this transaction is a retail asset located at 111 South Interstate 45 in Ennis, TX. The building is a vacant structure formerly used as an IHOP, encompassing a total area of 4,160 square feet, positioned approximately 30 miles south of Dallas.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 111 South Interstate 45
  • Market: Ennis, TX
  • Seller: John Wilbur
  • Broker: John Paine - Paine Net Lease Team at Marcus & Millichap

John Paine from the Paine Net Lease Team at Marcus & Millichap exclusively represented the seller, John Wilbur, and facilitated the sourcing of the buyer for this transaction.

Players

John Paine
Verified Badge

John Paine

Paine Restaurant Group at Marcus & Millichap

Broker

$5.4M

vol

15 deals

Broker

Ennis Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93