Restaurant

IHOP

Listing Price: $3,273,000

Cap Rate
5.50%
Tenant Name
RMLS HOP Indiana, LLC
Years Remaining On Lease
16.20
Gross SF
5,000
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Price/Gross SF
$654.60
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Overview

IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. Romulus is one of the largest franchisee and developers of IHOP Restaurants in the country. With the corporate headquarters in Phoenix, AZ, Romulus currently operates 110+ IHOP Restaurants in 11 States(Arizona, Idaho, Pennsylvania, Oklahoma, Kansas, Texas, New Mexico, Indiana, and Ohio).

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 16.5 Years Remaining on Lease Term
  • Ten Percent Increases Every Five Years
  • 165,768 Residents in Hammond Trade Area – Chicago MSA
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. – 110+ Locations
  • Outparcel to Walmart Supercenter

Exclusively Listed By

Listing Price: $3,273,000

Cap Rate
5.50%
Tenant Name
RMLS HOP Indiana, LLC
Years Remaining On Lease
16.20
Gross SF
5,000
Guarantor
Franchisee Guarantee
Rentable SF
5,000
Price/Gross SF
$654.60
Lease Type
Absolute Net
Rent Per Square Feet
$36.00

Investment Highlights

  • Absolute Triple-Net (NNN) Lease with 16.5 Years Remaining on Lease Term
  • Ten Percent Increases Every Five Years
  • 165,768 Residents in Hammond Trade Area – Chicago MSA
  • Guarantor is One of the Largest Franchisee and Developers of IHOP Restaurants in the U.S. – 110+ Locations
  • Outparcel to Walmart Supercenter

Investment Overview

IHOP® competes in the Family Dining segment of the restaurant industry, and all IHOP restaurants are owned by independent franchise operators. Romulus is one of the largest franchisee and developers of IHOP Restaurants in the country. With the corporate headquarters in Phoenix, AZ, Romulus currently operates 110+ IHOP Restaurants in 11 States(Arizona, Idaho, Pennsylvania, Oklahoma, Kansas, Texas, New Mexico, Indiana, and Ohio).

Exclusively Listed By

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