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IHOP  |  $1,527,273 | 5.50% CAP

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The Deltondo Group and Marcus & Millichap are pleased to present for sale IHOP a single-tenant property located at 108 Latigo Lane, Canon City, Colorado 81212.

IHOP, who has occupied this site for 18 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 $1.05M equating to a 8.00% rent-to-sales ratio. IHOP is located on Interstate 50 which is passed by over 19,646 vehicles per day. Highway 50 is the gateway to other major Colorado cities such as Pueblo (39 miles away) and Colorado Springs (45 miles away).
 

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.

PRESENTED BY:

PETER DELTONDO
Founder, Deltondo Advisory Group
(949) 698-2609
pdeltondo@marcusmillichap.com

BROKER OF RECORD
Adam Lewis
License: 100048709

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