Investment Overview

- Absolute NNN Lease with over 11 years of term remaining and increases every 5 years with the next increase coming on December 1, 2026 - Strong franchisee and personal guarantee- the franchisee has been an IHOP franchisee for over 25 years and currently operates 22 IHOPs located in North Carolina, South Carolina, Georgia, and has recently expanded his operations internationally in United Arab Emirates and Qatar- Franchisee has won numerous IHOP Sales Achievement and Operating awards and is currently headquartered in Florence, SC, approximately 120 miles from this site - Long operating history- this site, built in 2006, has been operating as an IHOP for nearly 20 years - Strong brand recognition- IHOP, founded in 1958, is currently part of Dine Brands Global which operates over 3,500 IHOP and Applebee’s restaurants in 19 International markets - Directly across the street from Tanger Outlets which has over 2.9M visitors per year and contains 90 brand named stores and ranks in the top 10 for malls/outlet malls in South Carolina and is considered one of the top tourist hotspots in the region - Located near the North Charleston Coliseum & Performing Arts Center, a 13,000-seat arena and theatre - Just minutes from Charleston International Airport which is South Carolina’s busiest airport with over 6.295M passengers (2024) - Located just off Interstate 26 which has over 100,000 cars a day - Outparcel to a large shopping center with Ashley Furniture, Dollar Tree, and McAlister’s Deli - Dense retail and hospitality area- located adjacent to Walmart (2M visitors), Sam’s Club (1.7M visitors), Top Golf, Sportsman’s Warehouse, La-Z-Boy, AT&T, Chick-fil-A, Chipotle and over 12 hotels including Embassy Suites, TownePlace by Marriott, Drury Plaza, and Hyatt Place - Charleston is one of the fastest growing cities in the South and is expected to grow another 7.2% by 2028- currently over 827K - The Port of Charleston is one of the largest container seaports on the East Coast with more than 2.85 million TEUs annually