IHOP | $2,909,091 | 5.50% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale IHOP a single-tenant property located at 5749 Stetson Hills Boulevard, Colorado Springs, Colorado 80917.
IHOP, who has occupied this site for 15 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 $2.3M equating to a 6.96% rent-to-sales ratio. IHOP has excellent visibility from the intersection of Stetson Hills Boulevard and North Powers Boulevard which sees over 77,142 vehicles per day. This location also benefits from its close proximity to four schools totalling over 3,077 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.