Kim's C-Store & IHOP Multi-Tenant Absolute NNN Lease Restaurant Texas

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Tenant: Kim’s C-Store & IHOP | Pittsburg, TX
Premises: 8,567 SF
Renewal Options: 4 x 5 Years

Lease Expiration: 15 Years From COE
Lease Type: Absolute NNN
Rental Increases: 7.5% Every 5 Years

Sands Investment Group is Pleased to Present Exclusively For Sale the 8,567 SF Multi-Tenant Absolute NNN Lease Investment Opportunity Located at 2241 US Highway 271 N in Pittsburg, Texas. This Deal Includes a Brand New Construction With a 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow.

Site is Within an Opportunity Zone Allowing the Landlord to Take Advantage of the Tax Benefits Offered in the 2017 Tax Cuts and Jobs Act
Brand New Construction 15 Year Absolute Triple Net (NNN) Lease To Begin at Close of Escrow
Healthy EBITDAR/Rent Coverage Ratio: 2.25x
7.5% Rental Increases Every 5 Years Provides a Secure Hedge Against Inflation
Excellent Visibility and Access Along Highway-271 Which Sees Over 15,200 Vehicles Per Day
In-House IHOP & Grocery Sales Drive Local Traffic to This Location as Well as Being Adjacent to the Chrysler Dodge Jeep Ram Dealership
Experienced Regional Operator With 18+ Locations and Growing
Truck Stop Destination – 8 MPDs With Diesel Hoses, 6 Diesel Islands and 4 ‘Off-Road’ Dispensers Will Drive Market-Leading Fuel Sales
Additional Revenue – Site Features 1.5 AC of Truck Parking, a Mini Car Wash Tunnel, a Proposed Truck Wash, a Liquor Store and a Truck/Tire Center Will Boost Sales
Major Trucking Route: US Highway 271 Connects Tyler, TX With Interstate 30, Which Leads to Texarkana, Denton and Little Rock
Pittsburg is the Former Home of Pilgrim’s Pride – The Largest Poultry and Egg Producer; Racing Legend Carroll Shelby; and Cavenders Boot City
Pittsburg is Equidistant By 2 Hours to Dallas, TX (to the West) and Shreveport, LA (to the East)
Nearby Tenants Include: Dollar General, Family Dollar, Sonic, McDonald’s, Farm Bureau Insurance, True Value Hardware & Lumber, Guaranty Bank & Trust

In Cooperation With Sands Investment Group Austin, LLC – Lic. # 9004706
BoR: Max Freedman – Lic. # 644481

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Tenant Overview

Founded in 1985 by Kim and Debra Cole, Kim’s Convenience Stores has grown from a single location in Palestine, Texas to 18+ store chain that employs over 300+ associates throughout Texas. The company offers fuels and food products such as sandwich, pizza, and coffee, as well as provides offers and fuel discounts.

The majority of the growth has occurred since 2009 with multiple locations added since then. With a mission set forth by Kim Cole of being “more than your average convenience store”, Kim’s has been a leader in every market in which we compete. Leveraging our own proprietary food service programs and strong customer service, Kim’s continually outperforms the market trends.

As a testament to our customer service, our customers continually vote us “best of the best” in local competitions each year. In the Palestine market we have won the title for the past 16 years. Kim and Debra Cole have 100% ownership in Kim’s Convenience Stores, Inc. and Shop N Hop Markets, LLC.

For over 62 years, IHOP has been a leader, innovator and expert in all things breakfast, any time of day. The chain offers 65 different signature, fresh, made-to-order breakfast options, a wide selection of popular lunch and dinner items, including Ultimate Steakburgers. IHOP restaurants offer guests an affordable, everyday dining experience with warm and friendly service. As of July 29, 2020, there are 1,841 IHOP restaurants around the world, including restaurants in all 50 states and the District of Columbia, Puerto Rico and Guam as well as Canada, Mexico, Guatemala, Panama, Lebanon, the Kingdom of Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar, Thailand and India. IHOP restaurants are franchised by affiliates of Glendale, California-based Dine Brands Global, Inc.

And as the leader in Family Dining, our 100%-franchised system delivers strong free cash flow results that have been the hallmark of the brand’s financial performance for more than half a century. Dine Brands Global (NYSE: DIN) is one of the world’s largest full-service dining companies and franchisor of Applebee’s Grill + Bar and IHOP, two of America’s most iconic and enduring brands. With over 3,530 locations in 17 countries, DINE empowers, supports and grows the world’s most-loved restaurant brands because we believe community happens when people eat together.

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