Lowest Cap Rate
4.25%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.72%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Overview
IHOP, International House of Pancakes, is a leader in the breakfast chain restaurant business but also offers a full lunch and dinner menu. IHOP currently has over 1,600 locations in all 50 states and in 17 different countries. IHOP offers long leases generally around 20-25 years with varying rent escalations built into the lease. The typical IHOP prototype is around 4,000-5,000 square feet on a parcel of land anywhere from 0.5-2 acres of land.
Property & Lease
Average Sale Price$2,250,000 - $2,750,000
Average NOI$125,000 - $165,000
Building SF4,500 - 5,000
Lease Term20 - 25 Years
EscalationsVaries
Stock SymbolNYSE:DIN
Credit Rating
S&PN/A
Moody'sN/A
Cap Rate By Region
6.52
5.41
6.2
6.3
6.27
4.67
*Regional cap rates calculated from sales data available over the past 24 months, irrespective of remaining term.
Financial Fundamentals
- Overview
- Cap Rate By Region
- Financial Fundamentals
- Stock Analysis
Recent Sales Comps
North Kansas City, MO6.23%
Albuquerque, NM8.28%
Albuquerque, NM8.28%
Top Consumer Traffic
Anaheim, CA481,900
Northglenn, CO449,400
Monterey Park, CA420,700
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data