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Site Information

General Building Information

  • Freestanding IHOP building containing approximately 5,000 square feet and seats approximately 150 to 185 persons
  • Build-out of prominent end-cap or in-line space in a shopping center
  • Conversion of an existing building to a modified prototypical IHOP restaurant (size may vary but should seat at least 135 persons)

Demographic Requirements

Population 25,000 to 50,000 -- 3 mile population
80,000 to 150,000 -- 5 mile population
Traffic Count Greater than 28,000 average daily traffic
Freeway Traffic Greater than 60,000 average daily traffic
Retail/Office Density of retail, office and hospitals of approximately 10,000 persons within 1 to 2 miles, in addition to the residential population base within 3 miles

Physical Requirements

Lot Size 30,000 - 50,000 square feet for standalone parcel
10,000 - 20,000 square feet if parcel is part of a shopping center
Frontage 150 feet minimum
Depth Approximately 260 feet
Parking 50 to 80 spaces (or reciprocal/shared parking)

Utility Service Requirements

Gas 7" water column (1/2 psi) low pressure; 3" to 4" pipe size or (2 psi) medium pressure, 1 1/2 to 2" pipe size
Water 2" water link with 2" meter (1 1/2" meter minimum allowed per local)
Fire Sprinklers 4" to 6" water line per local conditions, 55 lbs minimum flow pressure fire service if required by local codes
Electrical 800 to 1,000 amp service, 208 v, 3 phase
Sewer 4" line with 1,500 gallon grease interceptor
HVAC 35 to 40 tons for most restaurants

Acquisition Vehicle

The acquisition vehicle that an IHOP Franchise Developer will typically use is to purchase or lease the property.

Lease Terms

IHOP franchise developers typically enter into a triple-net lease, with or without contribution from the landlord, that has a base term of 20 years and options extending for up to 30 years.