2260 Home Depot Dr
Denham Springs, LA 70726
IHOP: Brand New 15 Year Absolute NNN Lse · Retail Property For Sale

IHOP has a brand new 15-year Absolute NNN lease with attractive 8% rental escalations every 5 years and three 5-year renewal options. The tenants are experienced operators with 13 locations in Texas and Louisiana (6 of these locations back the performance of the lease). This asset has been successfully open and operating since 2007 an was fully remodeled in 2018 with $504,000 spent – showing the tenants commitment to the location! IHOP is located in Denham Springs (BATON ROUGE MSA), Louisiana on a large 1.49-acre lot across the street from The Home Depot, with excellent drive-by visibility. Nearby retailers include: The Home Depot, Walmart Supercenter, Bass Pro Shops, Sam’s Club, Ashley HomeStore, Dollar General, Tractor Supply Co., Rent-A-Center, Petco, Office Depot, Walgreens, CVS Pharmacy, Advance Auto Parts, AutoZone, Academy Sports + Outdoors, Bed Bath & Beyond, T.J. Maxx, Ross Dress for Less, Belk, Maurices, Cato, Michaels, Old Navy, PetSmart, Shoe Carnival, ULTA Beauty, etc. The subject location is 15 miles from Louisiana State University Baton Rouge (enrollment of 25,363), 17 miles from Southern University and A&M College Baton Rouge (enrollment of 6,361), and 4.5 miles from Ochsner Medical Center (150 beds). *In Association with Louisiana Local Broker: Brian Brockman, Bang Realty, Inc. #0995684990-ASA