Ihop

Highlights:

• Absolute NNN Lease with Zero Landlord Responsibilities
• Over 4 Years Remaining in the Term with Four (4), 5-Year Options Available
• Lease Supports 1.25% Annual Rental Escalations with the Next Adjustment Scheduled for July 2025
• Positioned Within a Phenomenal Retail Corridor and Surrounded by National Retailers Including Chick-fil-A, McDonald's, Starbucks, Target, Panera Bread, Dollar Tree, and Hobby Lobby
• Strategically Situated Directly off of I-35E Express/Toll Road Which has Daily Traffic Counts Exceeding 138,000 Vehicles
• Lease Guaranteed by ACG Texas, the Nation's Largest IHOP Franchisee with 85+ Restaurants in Texas
• IHOP Operates 1,840+ Locations in all 50 States, and is a Subsidiary of Dine Brands (NYSE: DIN)
• Strong 1, 3, and 5-Mile Demographics with a Population Exceeding 245,500 Within a 5-Mile Radius | Estimated Population Growth Exceeds 20% Within the Next 5 Years

Description:

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Lewisville is a city in the U.S. state of Texas, located in Denton County with portions extending into Dallas County. As one of the Mid-Cities within the Dallas–Fort Worth metroplex, the 2020 census reported a population of 111,822. The city has a diverse commercial tax base. Its top employers include JPMorgan Chase, Lewisville Independent School District, and Nationstar Mortgage. Automobile dealerships and multiple landfills have flourished there, including Huffines Auto Dealerships and Village Auto Group, which was ranked as one of the top "Powerhouses of the New Economy" by Black Enterprise magazine in 2000.
Lewisville's lake and the city's location in the DFW metroplex have contributed to the largest boat-sales market in the state by volume in a state second in the nation in overall boat sales. Because of the city's proximity to Dallas and Fort Worth, a number of food distribution companies have branches in Lewisville, including Sysco and Meadowbrook Meat Company (MBM). Fleming Companies, one of the United States' largest food distribution companies, relocated to Lewisville in 2000, but it filed for Chapter 11 bankruptcy in 2003 after the U.S. Securities and Exchange Commission announced the company had been hiding massive losses. Responsive Education Solutions, which operates charter schools nationwide, is also headquartered in Lewisville. Adeptus Health, a health-care provider, and the utility company Texas—New Mexico Power are also headquartered in the city. The educational services, health and social services, manufacturing, and general retail sectors employ over 20,000 people in Denton. The city's three largest educational institutions, including the University of North Texas, Denton Independent School District, and Texas Woman's University, are the largest employers, employing almost 12,000 people. The University of North Texas is the city's largest employer, with 7,764 employees comprising 12.59% of the workforce. The City of Denton also employs more than 1,334 people. Wholesale trade and hospitality jobs also play major roles. Notable businesses headquartered in Denton include truck manufacturer Peterbilt, beauty supplier Sally Beauty Company, and jewelry producer Jostens. Golden Triangle Mall, the city's largest shopping complex with over 90 specialty shops, is a major source of retail trade.