Investment Overview

Marcus and Millichap is pleased to present IHOP in Searcy, AR. This is a perfect location for an IHOP as it’s a strong outparcel to Walmart and LOWE’S. The current operator is likely to ask for a rent reduction at lease expiration due to management, other operators would be wise to take over this operation as the current lease is coming due and have expressed interest in the property. Too early for official lease negotiations but the marker rent is high and could fetch similar rent amounts. This deal is good for a landlord who is savvy with IHOP or wants to put in another operator. AutoZone or other like properties would be interested in this property. Searcy has a population growth if 3.8% from 22-33’. Ranked in the top 100 US cites for growth.