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5/27/26
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A 4.5k sf, single tenant IHOP in East Texas was purchased by a SoCal 1031 exchange buyer. The property sits on a 1.91-acre site at 209 S. Southwest Loop 323 in Tyler, as an outparcel to a Walmart Supercenter.
The restaurant is operated by ACG Texas, one of the largest IHOP franchisee in the U.S. The lease features seven years remaining, 1% annual increases, and six five year renewal options, offering predictable income and zero landlord responsibilities. The property benefits from its position along Loop 323, one of Tyler’s dominant commercial corridors, and its proximity to major employers including Christus Mother Frances Hospital, UT Health East Texas, Trane Technologies and Brookshire Grocery Company. Additional nearby retailers include ALDI, Chase, McDonald’s, Popeyes, Subway, Take 5, Walgreens and Dollar Tree.
Hanley Investment Group’s Vice President Garrett Wood, in association with ParaSell Inc, represented the seller, a private investor based in Florida. The buyer was self represented. According to Wood, the combination of the strength of the franchisee, ACG Texas, the property’s high traffic corridor, and the benefit of an income tax free state helped support strong pricing.
Tyler is the largest city in Northeast Texas and serves as a regional hub for healthcare, education and retail. The city has experienced steady population and employment growth, supported by major institutions and a diverse economic base. The Loop 323 corridor, where the IHOP is located, remains one of Tyler’s most active commercial thoroughfares and features a mix of national anchors, grocery operators and daily needs retailers.
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