SRS National Net Lease Group is pleased to offer the opportunity to acquire the leased fee interest (land ownership) in an absolute NNN, freestanding, IHOP investment property located in Fairfield, California (San Francisco Bay Area). The tenant, IHOP Properties Inc., has over 4 years remaining in their initial term with 1 (5-year) options to extend. The lease is signed by the corporate entity and is absolute NNN with zero landlord responsibilities, making it an ideal management-free investment for a passive investor. IHOP is a nationally recognized brand that has been a leader, innovator and expert in all things breakfast that currently operates over 1,800 restaurants around the globe.

IHOP is strategically located at the signalized, hard corner intersection of E. Travis Boulevard and N. Texas Street, averaging a combined 39,000 vehicles passing by daily. The site is located less than 1.5 miles east of direct on/off ramp access to Interstate 80 (212,000 VPD), the second longest Interstate Highway in the U.S. and a major commuter thoroughfare serving the San Francisco Bay Area. Additionally, the property is located less than 1 mile east of Solano Town Center, a 1.31 million SF regional shopping mall anchored by Macy’s, Dick’s Sporting Goods, and Best Buy. Solano Town Center is Fairfield’s premier shopping destination featuring over 130 retail, dining, and entertainment options. Other nearby shopping centers include Gateway Courtyard (137,000 SF), North Texas Junction (150,000 SF), and Gateway Plaza (177,300 SF), significantly increasing consumer draw to the immediate trade area and promoting crossover retail exposure for the restaurant. Furthermore, the trade area is home to numerous major national/credit tenants including Walmart Supercenter, Target, The Home Depot, Hobby Lobby, Ross Dress for Less, Michaels, and more, further increasing exposure and crossover synergy for the asset. The subject property is surrounded by nearby housing communities including Orchard Crossing Apartments (100 units), Elements @ 1600 (120 units), and Magnolia Terrace (179 units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by a population of more than 124,300 residents and 41,600 employees with an affluent average household income of over $104,200.