NNN Casual Dining Opportunity

Seasoned IHOP casual dining restaurant located at 1421 Meadowview Road , Sacramento, CA (“The Property”). Occupying 4,022 SF on a 0.93-acre lot, IHOP has been operating at this Sacramento County site for 20+ years, showing a commitment to the location. The IHOP lease has over 3 years remaining on the lease term and 3 (5-Year) options to extend with rent escalations throughout the options.
The Property is situated in the heart of Southwestern Sacramento, positioned at one of the busier intersections in the area, with combined traffic counts of ±40,000 vehicles per day. It sits as an outparcel to a Neighborhood Center, anchored by Home Depot and is surrounded by numerous national tenants including Staples, Dollar Tree, McDonald’s, KFC and others. Additionally, The Property benefits from its proximity to Interstate 5 (117,809 cars per day), one block away.

Sacramento, the capital of California, is known for its rich history, diverse culture, and vibrant political scene. Nestled at the confluence of the Sacramento and American Rivers, it’s a city that blends urban and natural beauty. Founded during the Gold Rush in 1848, Sacramento quickly became a hub for trade and transportation. Its historic Old Sacramento district features cobblestone streets and buildings from the mid-19th century, reflecting its Gold Rush heritage. As the state capital, Sacramento is home to the California State Legislature and the Governor's Office. The city has a significant role in state politics, making it an important center for policy and governance.
The commercial real estate market in Sacramento has seen significant developments in recent years, driven by a growing population, a strong job market, and increased demand for various types of commercial spaces. Sacramento's commercial real estate market has been expanding, with notable increases in both office and retail spaces. The city's growth has attracted businesses and investors, contributing to rising property values. The retail market has been evolving, especially with the rise of e-commerce. While traditional retail has faced challenges, there’s a growing trend toward experiential retail, which focuses on unique shopping experiences.