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SOLD | IHOP | Net Lease Investment

5985 University Parkway
Winston Salem, NC 27105
PRICE : Contact Bull Realty for information
PROPERTY TYPE: Retail
SITE SIZE: 1.52 Acres
BUILDING SIZE: 4,977 SF

Description

10+ years remaining on the initial lease term with three (3) five (5) year options to extend
Attractive 7.50% rental increases every five (5) years
DineEquity, Inc. is one of the largest full-service restaurant companies in the world with revenues in excess of $650 million and approximately 3,630 locations in 17 countries
IHOP has successfully operated at the site since 2006
Franchisee currently operates 7 IHOP locations in the state of North Carolina and has been an IHOP franchisee for over 30 years
The site is strategically situated in between a Lowe’s/Sam’s Club center and the only Walmart Supercenter serving the immediate area
Close proximity to Wake Forest University which was ranked #27 in the 2016 edition of Best Colleges and Universities
Population growth between 2015-2020 of 3.50% in the 3-mile and 5.15% in the 5-mile

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