The property is a free-standing 4,694 sf IHOP restaurant on .70 acres of land. There are 2.5 years remaining on an absolute triple net lease with one remaining option at the same rent. IHOP is currently paying $13.28 psf per year which is significantly below market. According to CoStar, Applebee’s build to suit rent is reported to be $43.00 psf and Cool Hand Luke is paying approximately $32.00 psf. IHOP’s last remaining option expires on February 29, 2031.