800 Cloverleaf Plz
Kannapolis, NC 28083
IHOP - KANNAPOLIS, NC · Retail Property For Sale

This newly developed IHOP restaurant offers an exceptional opportunity for passive commercial real estate investors seeking stable, long-term cash flow backed by a top-tier tenant. The asset is underpinned by a brand-new 15-year Absolute NNN lease—requiring zero landlord responsibilities—and includes 10% rental increases every five years, along with three 5-year renewal options, providing both immediate yield and built-in income growth over time.
The lease is guaranteed by Suncakes, LLC, a proven 34-unit IHOP operator wholly owned by Sun Holdings, Inc.—the second-largest franchisee in the United States, with over 1,500 units across multiple nationally recognized brands. This robust corporate backing significantly reduces tenant risk, making it an ideal asset for 1031 exchange buyers, private investors, and REITs seeking creditworthy, long-term leased assets.
Situated on a ±1.10-acre pad site directly off S. Cannon Boulevard (29,149 CPD) and just 1/4 mile north of Interstate 85 (112,098 CPD), the property offers excellent visibility, ingress/egress, and regional accessibility. The strong daily traffic counts and proximity to major thoroughfares enhance both customer draw and long-term site value.
The IHOP sits within a bustling power center environment, pad to Ross, Dollar General, Harbor Freight Tools, and Gabe’s, and adjacent to Home Depot. The immediate 5-mile radius is saturated with high-performing national retailers including Walmart, Target, Sam’s Club, Lowe’s, Kohl’s, Marshalls, Burlington, Hobby Lobby, Academy Sports, ALDI, PetSmart, and more—offering substantial built-in consumer traffic and complementary retail synergy.
In Association with Designated Broker:
Brian Brockman – Broker
License #: 298998
Bang Realty, Inc
bor@bangrealty.com
513-898-1551