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Restaurant

IHOP Sale-Leaseback

7735 Marsha Sharp Fwy W, Lubbock, TX 79424

Listing Price: $3,962,000

Cap Rate
5.30%
Tenant Name
RMLS HOP TEXAS, LLC
Guarantor
Franchisee Guarantee
Rentable SF
4,126
Lease Type
Absolute Net
Rent Per Square Feet
$50.90

Investment Overview

IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are
owned by independent franchise operators. For 65 years, the IHOP family restaurant chain has served its
world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of
all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents.

Investment Highlights

  • New 20-Year Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 118 Location Operator/Guarantor
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Easily Accessible Location with Close Proximity to US 62 (25,418 Cars per Day)
  • Part of the Future Covenant Park Development [72-Acre Mixed Use Development]
  • Location within a 15-Minute Drive of Downtown Lubbock

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Restaurant

IHOP Sale-Leaseback

Listing Price: $3,962,000

Cap Rate
5.30%
Tenant Name
RMLS HOP TEXAS, LLC
Guarantor
Franchisee Guarantee
Rentable SF
4,126
Lease Type
Absolute Net
Rent Per Square Feet
$50.90

Investment Highlights

  • New 20-Year Absolute Triple-Net (NNN) Lease with a Top IHOP Franchisee - 118 Location Operator/Guarantor
  • 10 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • Easily Accessible Location with Close Proximity to US 62 (25,418 Cars per Day)
  • Part of the Future Covenant Park Development [72-Acre Mixed Use Development]
  • Location within a 15-Minute Drive of Downtown Lubbock

Investment Overview

IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. For 65 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. Home to Texas Tech, one of the largest universities in the state, Lubbock is also the most populous metro in the western Texas and eastern New Mexico region. The county seat of Lubbock County, the city is home to an estimated 329,000 residents.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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