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
About this deal
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.
On the Map
Retail
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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