Casual Dining IHOP Pittsburg TX

IHOP

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Property ID #: 18712

Tenant Name: IHOP

Street Address:

City: Pittsburg

State: TX

Zip: 75686

COMPANY DESCRIPTION

IHOP, formerly known as The International House of Pancakes, is a United States based restaurant chain that specializes in breakfast foods. The majority of IHOP restaurants are operated by franchisees requiring investors to look carefully at each locations sales and guarantors strength. There is great net lease appeal in the IHOP locations. The prototypical IHOP is a 4,500 square foot building on 1 acre of land. These locations can be easily converted into another casual dining location if IHOP were to vacate. IHOP is franchised and operated by Glendale, California based International House of Pancakes, LLC and its affiliates. International House of Pancakes, LLC is a wholly-owned subsidiary of DineEquity, Inc. Over 99% of IHOP restaurants are run by independent franchisees. As of December 31, 2016, the chain has 1,723 franchised and 10 company operated restaurants.

Website: www.ihop.com

Sector: Casual Dining

FINANCIAL PROFILE

Price: $6,912,000

NOI:

Cap Rate: 6.25

Price PSF: N/A

Rent PSF: N/A

Credit Rating (S&P): NR

LEASE ABSTRACT

Lease Type: NNN

Years Remaining:

Initial Term Increases: 7.5% Every 5 Years

Initial Term Lease Begin: 0000-00-00

Initial Term Lease Expiration: 0000-00-00

Renewal Options: 4 x 5 Years

Option Increases:

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PROPERTY OVERVIEW

Type of Ownership:

Year Built: 0000

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Tenancy :

Gross Leasable Area (GLA): 8567

Building Size (SFT) :

Lot AC :

DEMOGRAPHICS

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