IHOP
Retail | 7.50% CAP | 5,000 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive sale of an IHOP investment property located at 4400 S Medford Drive in Lufkin, Texas (the "Property"). IHOP has operated at this location since 2000 and extended their Absolute NNN Lease in 2020, demonstrating their commitment to the site and the market. IHOP has 7+ years remaining on their lease.
The Property is strategically positioned at 4400 S. Medford Drive, one of Lufkin's premier retail and restaurant corridors, offering exceptional visibility, accessibility, and exposure to consistent daily traffic. Located along US Highway 59/US Highway 69, the area's primary commercial artery, the Property benefits from direct access to the transportation network that connects Lufkin with Houston, Nacogdoches, Tyler, and the broader East Texas region. The site is situated within Lufkin's dominant retail trade area and is surrounded by national retailers, hotels, medical facilities, and service-oriented businesses that generate substantial consumer traffic throughout the day.
As the economic and healthcare hub of Deep East Texas, Lufkin attracts workers, shoppers, patients, and travelers from a multi-county region, creating a broad and diverse customer base for restaurant operators. The Property also benefits from its proximity to major employers in the manufacturing, healthcare, education, forestry, and government sectors, which provide a stable source of weekday demand. Additionally, the nearby concentration of hotels and regional shopping destinations helps drive visitation from both local residents and out-of-town travelers.
The combination of strong traffic counts, excellent regional connectivity, a large trade area, and positioning within Lufkin's primary commercial corridor makes this an ideal location for IHOP, a nationally recognized restaurant brand that benefits from high visibility, convenient access, and consistent all-day dining demand.
Investment highlights
LEASE TERM: IHOP has been at this location since 2000. IHOP extended their lease in 2020 demonstrating their commitment to the site and the market. IHOP has 7+ years remaining on their Absolute NNN Lease.
ZERO LANDLORD RESPONSIBILITIES: IHOP has an Absolute NNN Lease and is responsible for all operating expenses, repairs, maintenance, and replacements to the entire premises (building and grounds).
CORPORATE LEASE: This Location features a corporate lease and is operated by ACG Texas, the largest franchisee of the IHOP restaurant brand in the United States (83 locations).
BEST-IN-CLASS CREDIT TENANT: IHOP is a wholly owned subsidiary of Dine Brands Global (NYSE: DIN). The company owns and franchises over 3,400 restaurants across 18 countries, housing major American restaurant chains: Applebee's, IHOP, and Fuzzy's Taco Shop. Dine Brands Global, parent company of Applebee's and IHOP, generated $879.3 million in total revenue for the full fiscal year 2025. This represents an 8.2% increase from their 2024 annual revenue of $812.3 million.
STRATEGIC RETAIL LOCATION: The Property is situated at the signalized intersection of S Medford Drive and Tulane Drive. The Property enjoys outstanding visibility and frontage and is just seconds from US Highway 59/US Highway 69, the main commuter highway for area residents and the primary highway connecting Houston. The Property is located at the heart of a dominant trade area that is home to countless shopping centers, national retailers and restaurants, office buildings, medical centers, and schools, all of which drive traffic to the area creating a built-in customer base.
IHOP is an outparcel to Lufkin Mall, the primary regional shopping center for the East Texas area, which is home to major departments stores plus over 50 specialty stores and a nine screen AMC Cinema. Major merchants are JC Penney, TJ Maxx, and other specialty shops and boutiques including Buckle, Hibbett Sporting Goods, Victoria's Secret, American Eagle Outfitters, Bath & Body Works, and more.
TRAFFIC COUNTS: More than 12,000 vehicles pass by the Property each day at the intersection of S Medford Drive and Tulane Drive. Additionally, more than 42,300 vehicles pass by the Property along US Highway 59.
STRONG DEMOGRAPHICS: Over 30,300 people live within 3-miles of the Property with an average household income of $86,860. More than 46,000 people live within 5-miles of the Property with an average household income of over $85,522.
RETAIL TRADE AREA: Prominent retailers attracting consumers to the immediate trade area include Lufkin Mall, Walmart Supercenter, Sam's Club, Target, Home Depot, Tractor Supply Co, Harbor Freight, Office Depot, Hobby Lobby, O'Reilly Auto Parts, Five Below, Bealls, Ross, Old Navy, Texas Roadhouse, Outback, Logan's Roadhouse, Chili's, buffalo Wild Wings, Olive Garden, Cheddar's, Cracker Barrel, Raising Cane's Chick-fil-A, Starbucks, McDonald's, Wendy's Taco Bell, Whataburger, Sonic, Freddy's, Crumbl, Pizza Hut and Smoothie King.
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