Opportunity: Pegasus Investments is pleased to offer a single tenant 100% absolute triple net leased IHOP in Pueblo, Colorado. The property is subject to a rare IHOP Corporate guaranteed lease which features a new 10 year lease term plus (2) 5 year options. Of great significance is the fact that IHOP recently committed to a new 10 year lease extension after 17 years of successful historical occupancy at the site. Additionally, IHOP recently completed a substantial renovation to the subject property at its own cost. The property is prominently located as an outparcel to a Walmart Supercenter with great access, visibility and synergistic co-tenancy with other leading outparcel tenants including McDonald’s, Panda Express and AT&T. The property sits at one of the major retail hubs within Pueblo and is immediately surrounded by other leading retail and restaurant tenants including Applebee’s, Starbucks, Verizon, Taco Bell, Carl’s Jr., Popeyes and Sonic.
