Property Highlights
- Newly constructed IHOP in the Tampa-St. Petersburg-Clearwater Metropolitan Area
- Guarantee from 150+ unit franchisee with exclusive rights to FL and Southern GA
- IHOP is owned by Dine Brands Global (NYSE: DIN), one of the largest casual dining restaurant chains in the world with 3,628 locations
- 15-year ground lease with zero landlord maintenance obligations
- Annual rent increases provide hedge against inflation
- Outparcel to Summerfield Crossing, a new Sprouts Farmers Market anchored shopping center
- Strategically located along US Hwy 301, the dominant retail thoroughfare serving Riverview with over 50,000 cars/day
- The Tampa MSA currently ranks fifth in the Nation with a net migration of 115 people moving to the area every day
- Over 7,400 homes are either under construction or recently built within the local trade area making Riverview one of the fastest growing markets in Florida
- Florida has no state income tax