New England Corporate IHOP
Orange, Connecticut Boston Post Road Absolute NNN IHOP
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Investment Highlights
- * Corporate Guaranteed Absolute NNN IHOP
- High Sales Volume store with sales reported over $3M+
- Very busy and popular restaurant in Orange, CT area
- South of Yale University (27,000 students, faculty, staff)
- North of the Connecticut Post Mall with 1.3M sq. ft.
- $4,500,000 list price, a 4.84% cap (5.32% in 2021)
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High Store Sales, Absolute triple net (no Landlord responsibilities) Corporate leased IHOP.
Dine Brands Global, Inc. (new name for DineEquity), IHOP parent, NYSE symbol DIN, stock price has surged 76% since October and 39% in February 2018.
8.5 years remaining on the primary term with 3 five year renewal options.
Fixed 10% increases every 5 years including the options.
5-mile population of 132,463 and 3-mile AHI of $107,632.
The Boston Post Road IHOP is located in the heart of the south New Haven County commercial shopping district.
Nearby national retailers include: Home Depot, Whole Foods, Trader Joe's, Costco, Kohls, Lowes, Target, TJ Maxx, Starbucks, Chase, CVS, Sam's Club, KFC, Olive Garden and many other national and regional retailers.
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