1310 Franklin Rd
Yuba City, CA 95993
IHOP (Corporate) · Retail Property For Sale

The subject property is a corporately guaranteed fee-simple IHOP located off Franklin Road in Yuba City, California. Yuba City is located approximately 40 miles north of Sacramento and is the 21st largest MSA in California. Sacramento, the state capital of California, currently has an MSA that contains nearly 2.3 million people and over the next five years the metro is expected to add nearly 154,000 people through new infill redevelopment projects and more affordable cost of living compared to other major California cities. As Sacramento is the state capital, the government sector (24% of total employment) is an important part of the region's economy. However, Sacramento's seismic stability and low business costs compared with the region attract major corporations seeking to establish operations such as Intel Corp., Apple Computer, and Siemens Transportation Systems. The IHOP is well located on the intersection of Golden State Highway and Franklin Road (110,000 +/- cars/day) as an outparcel to a WinCo Foods, BigLots!, and In-Shape anchored shopping center. Other traffic generators nearby include: Walmart Supercenter, Target, Home Depot, Ross, Kohl's, Lowe's, Sam's Club, Raley's, and Yuba City High School. In addition, the IHOP is located just a few miles south of the headquarters for Sunsweet, which was founded in 1917 and is the world's largest dried fruit plant. Currently, there are more than 110,000 people within a five-mile radius with an average household income over $63,000. Corporate IHOP (now Dine Brands Global) signed a 25-year NNN Lease in 2001 that expires December 31, 2026 and contains 10% increases every five years including the two (2), five (5) year options to extend. Dine Brands Global (NYSE: DIN) currently has approximately 3,700 Applebee's and IHOP restaurants throughout 18 countries making them one of the largest full-service restaurant companies in the world. Nation's Restaurant News recently reported that IHOP was the largest family dining concept in terms of US system-wide sales with approximately $3.26 billion in sales.