IHOP - Uniontown, PA

List price of $3,060,229 yielding an attractive 8.75% cap rate.
There is just under 3 years of lease term remaining, including one 10-year option to extend, including 10% rental increases in 2030 & 2035.
Lease operated by IHOP Corporate, a national tenant with ±1,790 locations nationally.
Large, 5,104 SF building situated on a 1.49-acre parcel with ample parking, over 78 parking spaces dedicated to the site.
The property was constructed in 2010, has excellent visibility, and is in great condition.
Pad site to a top-performing Walmart Supercenter (top 31% nationally per AlphaMaps) with strong retail synergy. Neighboring tenants include Dick’s Sporting Goods, Hobby Lobby, Applebee’s, Great Clips, & more.
Located in the primary retail corridor in town, immediately adjacent to Uniontown Mall and surrounded by a dense concentration of major national retailers.
Positioned between Pittsburgh and Morgantown, Uniontown benefits from consistent through-traffic.
Strong performing store ranking in the top 38% of all PA IHOPs (per AlphaMaps).

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