09/23/2026
🏢 JUST LISTED | IHOP Absolute NNN Investment | Carlsbad, NM
Looking for a truly passive commercial real estate investment? This one deserves a look.
📍 2529 S. Canal St. | Carlsbad, NM
💰 $2,915,000 Asking Price
📈 8% Cap Rate
💵 $233,200 NOI
🏢 4,993 SF | 0.94 Acres
🚗 27,538 vehicles per day
This single-tenant IHOP Absolute NNN investment offers zero landlord responsibilities and more than 12 years of firm lease term remaining.
Even better: the lease includes 10% rent increases in 2028 and 2033, is personally guaranteed, and the same franchisee has operated this location since 2011.
For investors looking for long-term income, contractual rent growth, and minimal landlord involvement, this is an opportunity worth taking a closer look at.
📩 DM me “IHOP” for the Offering Memorandum and full investment details.
Marisela Harper, CCIM
CV Commercial | ClearView Realty