1428 Beltline SW Rd Decatur, AL 35601-5504

This exceptional investment opportunity presents a chance to acquire a leasehold interest in a thriving IHOP restaurant located at 1428 Beltline Rd SW, Decatur, Alabama. The 3,632 square foot restaurant sits on a 1.1-acre lot and boasts a strong 11.00% cap rate, generating a net operating income (NOI) of $80,000. The property benefits from a long-term, absolute NNN lease with IHOP Properties, Inc., a subsidiary of the publicly traded Dine Brands Global (NYSE:DIN), extending until October 31, 2034, with approximately 9.9 years remaining. The lease includes a 10% rent increase every five years, providing built-in growth potential. The property enjoys excellent visibility due to its direct frontage on Beltline Road, a high-traffic area with over 29,000 vehicles passing daily. This single-tenant, 100% occupied property offers a secure, passive income stream with minimal landlord responsibilities. The lease includes one five-year renewal option, further enhancing the long-term value of this investment. Built in 1999, this property represents a compelling opportunity for investors seeking a stable, high-return investment in a well-established national brand. The lease commenced June 8, 2021.