IHOP | $2,666,666 | 6.00% CAP
The Deltondo Team of Marcus & Millichap is pleased to present for sale our newest listing of a IHOP in Saint Joseph (Kansas City MSA), MO. At close of escrow IHOP will begin a new 25 year lease with 7.5% rental increases every 5 years including the three, 5 year options to extend the term. Operator of this location has over 45 years of industry experience in five different states. IHOP is across the street from a major power center anchored by national tenants Walmart, Lowe's, Sam's Club, Home Depot, and Target.
IHOP, competes in the family dining segment of the restaurant industry, and 99% of all IHOP restaurants are owned by independent franchise operators. For 60 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. Today, there are over 1,786 IHOP locations throughout 50 states, the District of Columbia, Puerto Rico, Guam and Saipan.