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IHOP | $2,990,654 | 5.35% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale IHOP a single-tenant property located at 6005 Constitution Avenue, Colorado Springs, Colorado 80915.
IHOP, who has occupied this site for 24 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 $2.08M equating to a 7.69% rent-to-sales ratio. IHOP is located on Constitution Avenue which is passed by over 27,922 vehicles per day.
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.
Founder, Deltondo Advisory Group
BROKER OF RECORD
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