9540 Colerain Ave
Cincinnati, OH 45251
IHOP · Land For Sale · 1.44 AC

The offering provides an opportunity to acquire a single IHOP ground lease backed by a corporate guaranty. IHOP is located on Colerain Avenue in Northwest Cincinnati, and is conveniently positioned directly across the street from the over 900,000 square foot Northgate Mall, which features approximately 100 stores. IHOP has been at this location since 2005, has over eleven years remaining on the primary term with scheduled 10% rental increases every five years, and is responsible for all expenses related to the property. Colerain Avenue is a well-trafficked thoroughfare that feeds into Interstate 275, and has daily traffic counts in excess of 29,000 VPD. The surrounding area is densely populated, with over 157,000 residents within a 5-mile radius. The subject property is situated in the heart of one of Cincinnati’s main retail nodes. The heavily-trafficked Colerain Avenue feeds directly into the downtown part of the city, making this a popular area for retailers to be located. IHOP is surrounded by daily needs retailers, including the adjacent grocery-anchored shopping center, which features ALDI, LA Fitness, Chipotle, and Chick-fil-A. Additional retailers in the immediate area include Marshalls, Ulta Beauty, Target, Kroger, and the Xscape Theaters (a 14-screen movie theater).