108 Latigo Lane · Cañon City, CO 81212 · QSR / Restaurant
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• Strong Tenant – IHOP is one of the largest casual dining restaurant concepts in the world with ±1,800 locations and a long successful history.
• Absolute NNN Lease (Sale-Leaseback) – Tenant will execute an 11-Year Absolute NNN Lease at Close of Escrow which provides a landlord with zero responsibilities offering a passive income structure.
• Operated by Experienced Franchisee – The operator is one of the longest tenured IHOP franchisees in the country and at one point was the 3rd largest franchisee in the IHOP system. Reach out to the broker for further details on the history of the company and current unit count.
• Below Replacement Cost – Opportunity to acquire a casual dining restaurant at a price below the current replacement cost. This benefits an investor by providing a lower barrier to entry for operations, stronger long-term cash flow potential, and reduced risk.
• Large Lot Size – The property sits on a substantial 1.86-acre lot with additional land located east of the building that has potential for future development.
• Direct Access to Hwy 50 – The subject property is located right off the Hwy 50 which has an average daily vehicle count of ±19,000. This, coupled with the great visibility, increases the probability of more customers driving to the location.
• Capitalizing on Regional Year-Round Tourism – Cañon City is one of Colorado’s tourism capitals, attracting hundreds of thousands of annual visitors to the Royal Gorge Bridge & Park, Arkansas River rafting, and the historic downtown district. This IHOP is ideally positioned to capture heavy tourist breakfast, lunch, and dinner traffic.
• Proximity to Major Regional Anchors – The subject property is located within close proximity to major local economic drivers, including Common Spirit St. Thomas More Hospital, local employment hubs, and Cañon City High School, ensuring a steady, built-in consumer base.
• Gateway to the Front Range Urban Corridor – Cañon City serves as the county seat and principal city of the Cañon City Micropolitan Statistical Area (population ±49,000), acting as a vital economic hub for Fremont County.
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Asking-market observation aggregated from public listing sources, last observed Sep 18, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.