IHOP | 2607 Blue Heron Drive

Current Real Estate Advisors is pleased to offer IHOP – Marion, a freestanding, single-tenant property comprising approximately 5,000 SF on a 1-acre parcel in Marion, Illinois. The property is backed by an Absolute NNN lease, eliminating landlord responsibilities and providing a passive, management-free income stream. Offered as part of a larger portfolio or available individually, the investment will be structured as a sale-leaseback with a new 10-year lease executed at closing, including 10% rent increases every five years and four additional five-year renewal options, demonstrating the operator’s long-term commitment to the location. The tenant is an experienced multi-concept operator with a proven history across multiple brands and franchise systems, while the property has demonstrated strong unit-level sales and a favorable rent-to-sales ratio. The location has operated successfully for more than a decade and recently transitioned to a 24-hour operating model, further enhancing its revenue potential. Positioned just off I-57, approximately 117 miles from St. Louis, the property serves as an outparcel to Mountain Dew Park with strong frontage and visibility and benefits from surrounding development and proximity to major retailers and restaurants, including Walmart, Aldi, Chick-fil-A, Starbucks, Chipotle, Panda Express, and Raising Cane’s. Overall, IHOP – Marion offers an attractive opportunity to acquire stable, long-term income-producing real estate supported by a committed operator and strong surrounding market fundamentals.