4,464 SF Tyler IHOP Sold on Southwest Loop 323

Hanley Investment Group Real Estate Advisors has facilitated the sale of a single-tenant IHOP property in Tyler, Texas, to a private 1031 exchange buyer based in Southern California. The 4,464-square-foot restaurant sits on a 1.91-acre outparcel adjacent to a Walmart Supercenter along Loop 323, a primary commercial corridor in the region. The asset is leased to ACG Texas, one of the nation's largest IHOP franchisees, with seven years remaining on the current term.

The transaction is part of a broader trend for the brokerage firm, marking its third IHOP sale in Texas over a five-month period. Other recent activity includes sales of IHOP locations in San Marcos and Grand Prairie, as well as a vacant Wendy's in Jacksonville, highlighting sustained investor appetite for retail properties throughout East Texas.