13100 U.S. 301, Dade City, FL 33525

Income Tax Free State - Florida imposes no state income tax, allowing investors to maximize their after-tax returns.

Profitable Location - While the tenant is not required to report sales, Placer.ai estimates the location generates approximately $1.5 million in annual sales, reflecting a healthy rent-to-sales ratio of just 6.8%. This low occupancy cost is a strong indicator of a sustainable and profitable operation, reducing risk for investors.

Below Market Rent - The current tenant is paying approximately $19/SF ($102,000 annually), significantly below the market average of $40/SF ($212,160 annually) for comparable restaurants in the trade area — representing a nearly 52% discount to market. This substantial rent spread provides an investor with a strong value-add narrative and meaningful upside upon lease renewal or re-tenanting.

National Brand & Top Tier Operator - IHOP is one of the most recognized family dining brands in the country, with over 1,700 locations nationwide and the backing of Dine Brands Global. The current operator, Sunshine Restaurant Partners, is one of the largest IHOP franchisees in the United States with over 153+ Restaurants, bringing institutional-quality tenancy to this investment.

High Growth Tampa MSA - Dade City is experiencing significant residential and commercial growth, benefiting from its position within the Tampa–St. Petersburg–Clearwater MSA, one of the largest metropolitan areas in the Southeast with a population of approximately 3.42 million.