Restaurant
IHOP + Applebee's Dual Brand Prototype
42137 Big Bear Blvd, Big Bear Lake, CA 92315
Listing Price: $3,840,000
Cap Rate
6.25%
Tenant Name
IHOP + Applebee's
Gross SF
5,040
Guarantor
Franchisee Guarantee
Rentable SF
5,040
Price/Gross SF
$761.90
Lease Type
Absolute Net
Rent Per Square Feet
$47.62
Investment Overview
42137 Big Bear Blvd, Big Bear Lake, CA
IHOP + Applebee's Dual Brand Prototype
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES · 30-UNIT GUARANTY: The property is secured by a 20-year absolute NNN lease with no landlord responsibilities and a 30-unit franchisee guaranty.
- ANNUAL RENTAL INCREASES · STRONG LONG-TERM CASH FLOW: The lease includes 1.5% annual rent increases, enhancing income stability and growth over the 20-year term.
- LIMITED COMPETITION · STRONG LOCAL DEMAND: The property's location benefits from limited direct competition in the immediate area, catering to both residents & tourists seeking diverse dining options.
- DUAL-BRANDED IHOP/APPLEBEE'S CONCEPT · EXPANDING NATIONWIDE: This location features the innovative dual-branded IHOP/Applebee's model, which has demonstrated higher sales compared to standalone units. Dine Brands plans to open 23 additional dual-branded locations in 2025, bringing the total to 41.
- PRIME TOURIST DESTINATION · BIG BEAR LAKE, CA: Situated in Big Bear Lake, a popular year-round tourist destination known for its ski resorts, lake activities, and natural beauty, attracting millions of visitors annually.
Exclusively Listed By
Listing Price: $3,840,000
Cap Rate
6.25%
Tenant Name
IHOP + Applebee's
Gross SF
5,040
Guarantor
Franchisee Guarantee
Rentable SF
5,040
Price/Gross SF
$761.90
Lease Type
Absolute Net
Rent Per Square Feet
$47.62
Investment Highlights
- ABSOLUTE NET LEASE · NO LANDLORD RESPONSIBILITIES · 30-UNIT GUARANTY: The property is secured by a 20-year absolute NNN lease with no landlord responsibilities and a 30-unit franchisee guaranty.
- ANNUAL RENTAL INCREASES · STRONG LONG-TERM CASH FLOW: The lease includes 1.5% annual rent increases, enhancing income stability and growth over the 20-year term.
- LIMITED COMPETITION · STRONG LOCAL DEMAND: The property's location benefits from limited direct competition in the immediate area, catering to both residents & tourists seeking diverse dining options.
- DUAL-BRANDED IHOP/APPLEBEE'S CONCEPT · EXPANDING NATIONWIDE: This location features the innovative dual-branded IHOP/Applebee's model, which has demonstrated higher sales compared to standalone units. Dine Brands plans to open 23 additional dual-branded locations in 2025, bringing the total to 41.
- PRIME TOURIST DESTINATION · BIG BEAR LAKE, CA: Situated in Big Bear Lake, a popular year-round tourist destination known for its ski resorts, lake activities, and natural beauty, attracting millions of visitors annually.
Investment Overview
42137 Big Bear Blvd, Big Bear Lake, CA
Exclusively Listed By
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