IHOP 1215 N Woodland Blvd

Investment Highlights

HIGH TRAFFIC COUNTS: The site benefits from great visibility with ?29,000 vehicles passing the property per day. NEARBY UNIVERSITY: The restaurant is located less than 2 miles from Stetson University, a private college with a student body of 3,670 ABSOLUTE TRIPLE NET (NNN) LEASE: Tenant is responsible for paying all Taxes, Insurance, and Maintenance, providing an investor complete passive owners STRATEGIC LOCATION: Property is ideally positioned between DeLand Municipal Airport and downtown DeLand. PROXIMITY TO NATIONAL TENANTS: Retailers in the area include Aldi, Lowes, Publix, and Tractor Supply Co to name a few. NATIONAL TENANT: IHOP restaurant, a subsidiary of DineEquity, INC. is one of the largest casual dining restaurant chains in the world.

Executive Summary

Broker of RecordMatthews Real Estate Investment Services, IncLicense No. CQ1066435 (FL)CQ1066435Kyle Matthews1600 West End,Ste. 1500 Nashville, TN 37203

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,864
• Building Class    B
• Year Built/Renovated    1977/2019
• Price    2,200,000
• Price Per SF    768
• Cap Rate    5.73
• NOI    126,060
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.72 AC

• Pylon Sign