IHOP | $3,181,818 | 5.50% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale IHOP a single-tenant property located at 6450 South US Highway 85 & 87, Fountain (Colorado Springs), CO 85087.
IHOP, who has occupied this site for 10 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 $2.55M equating to a 6.86% rent-to-sales ratio. IHOP has excellent visibility from Canam Highway and is passed by over 21,966 vehicles per day. This location also benefits from its close proximity to Fountain schools totalling over 2,252 students.
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.