1001 E 17th St
Santa Ana, CA 92701
IHOP - 15 Year NNN Lease - Franchisee · Retail Property For Sale

The Property is a freestanding retail building that is tenanted by Pesah Corporation (d/b/a IHOP) on a NNN lease with no landlord responsibilities. The Tenant is a multi-unit franchisee operator and just signed a new lease, for a fresh 15 year lease term with 2, 5-year renewal options. The Asset is along 17th Street (32,000+ VPD) in Santa Ana, and in close proximity to the Santa Ana Freeway/Interstate 5 (373,000+ VPD). The Asset is adjacent to Santiago Villas Senior Apartments (89 Units), and is one of the few full service, sit-down restaurants in the Asset’s vicinity. Santa Ana is one of the densest cities in the United States, which is evident by the 316,000+ residents with an average house hold income of over $81,000+ within a 3 mile radius of the Asset.