OFFERING MEMORANDUM IHOP ™ 7240 W 79th Street, Bridgeview, IL 60455 EXCLUSIVELY LISTED BY Gary Chou Kevin Chang RANDY OLCZYK FVP & Senior Director Associate BROKER OF RECORD License No. 471.018001 License No. 01911222 (CA) License No. 01976724 (CA) O 310.919.5827 O 310.919.5828 M 714.928.8016 M 951.616.8918
[email protected] [email protected] ™ CONTENTS 4 INVESTMENT OVERVIEW Investment Highlights 6 FINANCIAL ANALYSIS Executive Summary Annualized Operating Data Tenant Summary 8 TENANT OVERVIEW IHOP The Offering Parcel Map Tenant Map 14 AREA OVERVIEW Bridgeview, IL Demographics Chicago, IL ™ INVESTMENT OVERVIEW 4 |IHOP - BRIDGEVIEW, IL Investment Highlights LONG-TERM IMPROVING FUTURE CASH FLOW • IHOP has successfully operated at this location since 1997 and recently signed a 15-year extension, showing excellent commitment to the site • The offering provides a very rare opportunity for an investor to purchase a corporately backed lease with sales performance reporting on a monthly basis • DineEquity, Inc. is one of the largest full-service restaurant companies in the world, with revenue in excess of $681 million • Strong historical sales performance at the location (see broker for details) • Absolute NNN investment with all expenses paid for directly by the tenant • Good hedges against inflation via fixed 7% rental increases every 5 years • Two 5-year options to renew EXCELLENT REAL ESTATE FUNDAMENTALS • Top Five MSA – Chicago is the third most populous city in the United States with over 2.7 million people living in the region