IHOP

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LTV (Loan to Value)	0.00%	Current NOI
Interest Rate	0.000%	Cap Rate	0.000%
Fixed Term	15 Years Years	Land Area
Amortization	Years	Lease Type
Loan Amount		Property Type
Payment		Property Lease
Building Size		Remaining Terms

Location Description

Cleburne is a city and county seat of Johnson County, Texas. According to the 2010 U.S. Census, the population is 29,377.The major employers in Cleburne are Cleburne Independent School District, WalMart Distribution Center, Johnson County, and Texas Health Harris Methodist Hospital-Cleburne.Cleburne is about 30 miles south of Fort Worth and 50 miles southwest of Dallas. Fort Worth is the 16th-largest city in the United States of America and the fifth-largest city in the state of Texas. Located in North Central Texas, the city is a cultural gateway into the American West and covers nearly 350 square miles in Tarrant, Denton, Johnson, Parker, and Wise counties—serving as the seat for Tarrant County. According to the 2010 census, Fort Worth had a population of 741,206. The city is the secondlargest in the Dallas–Fort Worth–Arlington metropolitan area.

Highlights

Strong Franchisee - ACG Texas, L.P. is one of the largest IHOP franchisees with 68 Texas locations currently and on their way to 100. Their restaurants are located in Amarillo, Austin, Dallas/Fort Worth, El Paso, Houston, Bryan/College Station and Waco New Construction, New Long-Term Lease - Brand new IHOP Build-to-Suit restaurant with a new Fifteen (15) year lease term with increases every Five (5) years Renewal Options - Six (6), Five (5) year renewal options with 6% increases in each option renewal Absolute NNN Lease - Tenant is responsible for all expenses including roof, structure, taxes, insurance and common area maintenance Great Location - This new IHOP is located in a great location just off US 67 on N. Main Street near Comfort Inn, Days Inn, and several large box retailers that include The Home Depot, Lowe’s and Albertsons

NNN Loans Funding

Triple-Net Lease Financing arranged by NNNLenders. Offering Triple Net NNN Property Loans.