Lowest Cap Rate
5.01%
Lowest Cap Rate over past 24 months
Average Cap Rate
6.70%
12 mo avg with 5+ yr lease term
Average Cap Rate calculated if 3+ comps are available over past 12 months
Quarter Cap Rate
6.40%
Average Cap Rate over previous quarter
Average Quarter Cap Rates calculated over prior full quarter, irrespective of term length
Overview
IHOP is one of the largest family dining chains in the United States, known for its breakfast-focused menu and all-day dining options. The brand's strong franchise system and long-standing market presence make it an appealing option for net lease investors seeking stable, recurring income. IHOP locations are typically freestanding buildings or pad sites situated in high-traffic retail corridors. IHOP offers long leases generally around 20-25 years with varying rent escalations built into the lease, offering investors a dependable net lease asset with solid long-term potential.
Property & Lease
Sales Price Range$2,250,000 - $2,750,000
NOI Range$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
Average regional cap rates calculated over past 24 months, irrespective of term length
6.91
6.63
6.38
7.49
6.50
6.06
*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
Springfield, IL6.40%
Cocoa, FL5.01%
Sparks, NV10.11%
Top Consumer Traffic
Kahului, HI420,500
Anaheim, CA397,400
Ozone Park, NY382,400
Provided by Placer.ai
*Indicates ranking may be skewed due to limited data
