2190 Walker Lake Rd
Ontario, OH 44903

The subject investment opportunity is a new freestanding IHOP located in Ontario, Ohio. IHOP signed a new 20-year absolute NNN lease with NO Landlord responsibilities. The lease calls for 7.5% rental increases every 5-years. The lease is personally guaranteed by Alex Anthraper of Anthraper Enterprises Inc., a management company operating twelve (12) IHOP franchises in Ohio, Texas, and Oklahoma (5 in OH, 2 in TX., 5 in OK.). A franchisee since 2002, Anthraper continues to maintain an “A” rating for store performance and operations from Dine Equity, IHOP’s corporate parent with average store sales above the chain average of $2.2M per restaurant. Anthraper currently has a development agreement with Dine Equity to build an additional five (5) restaurants in northern and central Ohio. Ontario is ideally located in North Central Ohio, between Cleveland and Columbus. It is a community with a strong past, committed to a bright future via managed growth. With a wide range of housing, an excellent school system, exceptional recreational opportunities and a good balance of industry and retail, it's no wonder we're happy to call Ontario “home". Ontario continues to grow with a 17.4% growth over the last 10 years. Today, the City of Ontario is home to over 6,200 residents. We are dedicated to continuing our tradition of pride which has made Ontario an ideal place to live, work, raise a family or grow a business.