Ihop – Coralville, Ia

Highlights:

• ABSOLUTE NNN LEASE: 2 years remaining on Absolute NNN Ground lease with six 5-year options to renew - Tenant reimburses for Taxes & Insurance
• TENANT | GUARANTORS: A.K. Real Estate Holding Company owns & operates 17 locations
• RETAIL CORRIDOR: Located on main thoroughfare between University of Iowa and regional retail area - close proximity from Coral Ridge Mall, Costco, Walmart, Lowe’s & Kohl’s
• TRAFFIC COUNTS: According to Placer.AI, this Comfort Suites is ranked in the top 89th percentile of its brand nationwide; Positioned on a ±0.76-acre lot with excellent visibility/access on US-6 with traffic counts of 31,317 CPD!
• 2024 DEMOGRAPHICS: Total Population (5MI): 100,467 | Average Household Income (1MI): $123,659

Description:

IHOP has 2 years remaining on Absolute NNN Ground lease with six 5-year options to renew - Tenant reimburses for Taxes & Insurance. Tenant, A.K. Real Estate Holding Company, owns & operates 17 locations. It is Located on main thoroughfare between University of Iowa and regional retail area - close proximity from Coral Ridge Mall, Costco, Walmart, Lowe’s & Kohl’s.

According to Placer.AI, this Comfort Suites is ranked in the top 89th percentile of its brand nationwide; Positioned on a ±0.76-acre lot with excellent visibility/access on US-6 with traffic counts of 31,317 CPD! Less than 1/2 mile from Coral Ridge Mall - an enclosed super-regional shopping mall anchored by Target, Scheels, Dillard’s, JCPenney, Best Buy & Ashley Homestore with key tenants such as Marshalls, HomeGoods, Ulta Beauty, Barnes & Noble, PetSmart ; nearby retailers include Costco, Walmart, Lowe’s, Kohl’s, Ross Dress for Less, T.J. Maxx, Hobby Lobby, Michaels, Thiesen’s, ALDI, Hy-Vee, and Petco. It is 3 miles from University of Iowa (UI) - Founded in 1847, UI is the state’s oldest institution of higher education and is located alongside the picturesque Iowa River - UI is a public research university offering more than 200 areas of study, serving 32,199 students (Fall 2024); 3.5 miles from University of Iowa Health Care - Iowa River Landing UICH - a public teaching hospital & level 1 trauma center affiliated with University of Iowa with 860 beds which includes 190 beds at UI Stead Family Children’s Hospital

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