2525 Iron Point Rd
Folsom, CA 95630
IHOP · Retail Property For Sale

Capital Pacific is pleased to present an opportunity to acquire IHOP in Folsom, CA, a rare sale-leaseback opportunity to an established casual restaurant operator. The property is offered as an absolute NNN investment with zero Landlord maintenance or expense responsibilities, ideally-suited for investors seeking a passive investment. The lease will commence at close of escrow and expire in August 2027. It will include a 10% rental rate increase in August 2022, allowing an investor to capture near-term upside in the rents. Additionally, the lease features three 5-year options to extend the term thereafter at 10% increases for every option, providing the probability of a long term, inflation-resistant investment. The subject property is located in Folsom, California, an area characterized by high incomes and strong housing density, with its many affluent subdivisions and neighborhoods, in addition to a plethora of office parks and retail shopping centers. The property is adjacent to Folsom Ranch, a 3,200 acre master planned residential and commercial project that will further attract residents and commerce to this immediate trade area. The average household income within a 1-mile radius of the property is an astounding $146,371, and within 5 miles is $144,307. Folsom is a suburb of Sacramento, the capital city of California, as well as the sixth-largest city in the state. The city is home to a population of over 500,000 and a metropolitan area of over 2,500,000.