IHOP | $2,181,818 | 5.50% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale IHOP a single-tenant property located at 2040 Ken Pratt Boulevard, Longmont, Colorado 80501.
IHOP, who has occupied this site for 27 years, has signed a new 25 year absolute-net lease with 7.5% rental increases every five years. The reported store sales for this location are $1.5M equating to a 8.00% rent-to-sales ratio. IHOP is located just off Ken Pratt Boulevard which oversees 24,878 vehicles per day. IHOP is 1 mile from Front Range Community College "FFRC" enrolls over 3,500 students annually.
JHAH, LP has been in the restaurant industry for over 45 years and currently operates brands in five different states: Colorado, Louisiana, Mississippi, Kansas, Missouri, and Texas. JHAH, LP currently operates 24 IHOP Units.