Commercial Real Estate Colorado

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Single Tenant Corporate IHOP Outparcel To Walmart Supercenter
Investment Highlights

  • $3,100,000 (5.08% cap)
  • 17-year historical occupancy
  • Early 10-year lease extension
  • Corporate Backed Lease
  • 10% increases every 5 years
  • Absolute NNN Lease
  • 24 Hour Location
Location Highlights

  • Outparcel to Walmart Supercenter
  • Multiple points of access
  • Located off high traffic intersection
  • Reciprocal access with Walmart
  • Dedicated pylon signage
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.
Michael N. Spector
(310) 691-1350 x109
BRE License 01969966
Brian J. Wolfman
Senior Associate
(310) 691-1350 x107
BRE License 01912819
Pegasus Investments Real Estate Advisory Inc.
BRE License 01961545
1901 Ave. of the Stars, Suite 630
Los Angeles, CA 90067
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