located in the middle of the wall-to-wall commercial, high ... · coldwell banker commercial nrt...

RICK PHILLIPS, CCIMBRE# 01061757Tel:[email protected]



Bob King, CCIM BRE: 01031903(916) [email protected]

Broker of Record Todd Payne, SIORColdwell Banker Commercial NRT

7 Old Sherman Turnpike#207Danbury, CT 06810

532 Gibson DriveSuite 200Roseville, Ca 95678

OFFERING MEMORANDUM - IHOP CORPORATE LEASE

486 BOSTON POST ROAD (US ROUTE 1)ORANGE, CONNECTICUT 06477

Located in the middle of the wall-to-wall commercial, high trafficshopping corridor of south New Haven County

Disclaimer & ConfidentialityThe Confidential Material and Information in this Offering Memorandum (collectively “Information”) have been obtained from sources deemed reliable. This Information is for your use only in determining your interest in pursuing negotiation to potentially acquire the Subject Property (“Property”) and owned by Seller (“Seller”). It contains selected summary information pertaining to the Property, and has been prepared by the Seller and Seller’s authorized consultant, TRI Commercial Real Estate Services, Inc. (“Exclusive Listing Broker”) has not made any investigation and does not warrant or represent the accuracy of such information. Although the information contained herein has been carefully compiled, the Seller makes no guarantee, representation or warranty of the accuracy or completeness of any information. Buyer shall only rely on its own independent estimates of construction costs and pro forma income and expenses before any decision is made to invest in the Property.

This Confidential Material is for informational use only and under no circumstances whatsoever is deemed to be a contract, memorandum or any other form of binding commitment.

The Seller is selling the Property in “AS IS” and “WHERE IS” condition with “ALL FAULTS” in the broadest sense of that term, without any representation or warranties. Buyer, or Buyer’s agent, shall be given a reasonable opportunity to inspect and investigate the Property and its improvements. Receipt of this Information by Buyer does not entitle Buyer to rely on the Seller or its employees, contractors or agents, for any purpose, including, without limitation (1) the adequacy and physical condition of the Property; (2) the suitability of the Property for any particular purpose; (3) the condition of soils, geology and hy-drology; (4) the existence or adequacy of utilities serving the Property; (5) the zoning or legal status of the Property; (6) the compliance of the Property with any environmental protection, pollution or land use laws, rules, regulations, orders or requirements; and (7) the condition of title and the nature and status of any condition, covenant, encumbrance, license, lease, lien, restriction, reservation, right of redemption, right-of-way and any other matter affecting title.

The Seller reserves the right to withdraw the offering of the Property without notice, to reject all offers, and to accept any offer without regard to the relative price and terms of any other offer. Neither the prospective Buyer nor Seller shall be bound until full execution of the contract of purchase and sale, which contract shall supersede prior discussions and constitute the sole agreement of the parties. Prospective Buyers shall be responsible for their costs and expenses of investigating the Property without reimbursement.

Buyer shall submit any expressions of interest and/or offers to purchase the Property to the Seller, through TRI Commercial Real Estate Services, Inc.

By acknowledgement of your receipt of this Information, you agree that the information and its contacts are confidential; that you will hold and treat it in the strictest of confidence; that you will not directly disclose or permit anyone to disclose this presentation or its contents to any other person, firm or entity without prior written authorization of the Seller; and that you will not use or permit to be used this Information or its contents in any manner detrimental to the interest of Seller. Photocopying or duplication is strictly prohibited. If you do not wish to pursue negotiations leading to this acquisition, kindly return this Information to Seller’s exclusive listing broker, TRI Commercial Real Estate Services, Inc.




IHOP CORPORATE LEASE486 BOSTON POST ROAD (US ROUTE 1), ORANGE, CT 06477

Bob King, CCIM BRE: 01031903(916) [email protected]



532 Gibson DriveSuite 200Roseville, Ca 95678

11391 Sunrise Gold Cir., Rancho Cordova, CA 95742

TRI Commercial Real Estate Services, 532 Gibson Drive, Suite 200, Roseville, CA 95678

The information in this document was obtained from sources we deem reliable; however, no warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein.

LOCATION OVERVIEW11391 Sunrise Gold Circle is an 80,000 sf Industrial warehouse located in Rancho Cordova (SacramentoMarket). The property is located within the Sunrise/Hwy 50 corridor and offers easy access to Hwy 50.Originally built in 1990 as a Build-to-suit for Dignity Health to serve the entire Sacramento region as theirfacilities management location. Dignity continues to occupy this building (Through November 2017) withhigh-end office finishes, up to 26Õ clear height in the warehouse area and paved yard in the back. This assetcould continue to serve as a leased-investment by re-tenanting the front 69% after Dignity vacates in 2017 oroffer the Òowner-userÓ a great opportunity to occupy the front portion while providing income from the back 31%of the building.

PROPERTY HIGHLIGHTS¥ Construction: Concrete Tilt-up

¥ Foundation: Concrete slab

¥ Roof: Flat roof with overlay (2013) & insulated

¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes

¥ Yard Area: Paved & Fenced

PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)

Lot Size: ±4.3 Acres

Building Size: ±80,000 SF

Grade Level Doors: 4

Dock High Doors: 6

Ceiling Height: 24-26 FT

Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

IHOP CORPORATE LEASE - ORANGE, CT

Bob King, CCIMSenior Investment Advisor BRE: 01031903(916) 677-8163 (direct)(916) 747-9411 (cell)(916) 943-2264 (fax)[email protected]



532 Gibson DriveSuite 200Roseville, CA 95678

EXCLUSIVE AGENT:

TABLE OF CONTENTS

● Section 1 – Investment Highlights● Section 2 – Property Description● Section 3 – Pricing & Financial Analysis● Section 4 – Demographic Analysis● Section 5 – Tenant Profile● Section 6 – Area Overview








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 1: INVESTMENT HIGHLIGHTS● Premium Grade Trophy Commercial Real Estate: store sales of $3.2 M+

● Dine Brands Global, Inc. (New name for DineEquity, Inc.) (IHOP Parent, NYSE Symbol

DIN) guaranteed absolute Triple Net Lease

● The Dine Brands Global, Inc. stock price has surged 76% since October and 39% in February 2018● 8.5 Years remaining on the primary lease term with 3 five-year renewal options

● Fixed 10% increases every 5 years including option periods

● Zero Landlord responsibilities – tenant pays all expenses direct

● Near Yale University with 12,500 students and 14,200 faculty and staff

● Near the Connecticut Post Mall (1.3 million sq. ft.) and Super Wal-Mart

● 5 Mile Population: 132,463 / Average Household Income: $107,632 in 3-mile

● IHOP has successfully operated at this location since June 2001

● IHOP is centrally located near Home Depot, Trader Joes, Whole Foods, Costco, Kohl’s,

Olive Garden, TGIF’s, Starbucks, Chase, TJ Maxx, KFC, CVS, 5 Guys Burgers, Target,

Lowe’s and Sam’s Club. Ther are many regional businesses also located along the

Boston Post Road (US Route 1) retail corridor.

● Purchase Price: $4,500,000 / 4.83% CAP Rate / 5.32% CAP Rate in 2021


Intersta

te 95

Boston P

ost Rd.

Schick -Wilkerson

Sword Cinema 14

Pez Candies

Boston Post Road IHOP is located in the heart of the south New Haven

County commercial shopping district.








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

RETAIL AERIAL









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 2: PROPERTY DESCRIPTIONSection 2 Property Description The Offering Property Name: Orange, CT IHOP Restauarant Property Address: 486 Boston Post Road, Orange, CT Assessor’s Parcel Number: 000006‐000003‐000001A County: New Haven County Year Built: 2000‐2001 Gross Leasable Area (GLA): ±4,079 SF Land Area: ±46,173 SF / 1.06 AC Type of Ownership: Fee Simple Parking Spaces: ±74 Lease Type: Absolute NNN* Lease Guarantor: Dine Brands Global, Inc. (new name for

DineEquity) (DIN ‐ NYSE), the IHOP Parent Corporation guarantees the Orange IHOP Lease.

Street Pylon Sign: 20’ Sign in front of property Zoning: Commercial C‐2

*Tenant is responsible for payment of all real estate taxes, insurance, common area maintenance and repair of structure, HVAC, parking lot and lighting.

SITE









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

AREA MAP & SITE AERIAL


Bosto

n Po

st R

d.

IHOP

132,483 - 5 MILE POPULATION$107,632 - 3 MILE AH INCOME








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SITE PLAN









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 3: PRICING & FINANCIAL INFORMATIONSection 3 Pricing and Financial Price: $4,500,000 Rentable Sq. Ft.: ±3,740 Price / SF: $1,203 CAP Rate: 4.83% Current Annual Rent: $217,727

Tenant Summary: Trade Name: IHOP Ownership: Public Tenant: Corporate Store Lease Term: 25 Years Lease Commencement Date: June 30, 2001 Lease Expiration Date: June 30, 2026 Rent Increases: 10% Every 5 Years (including options) Renewal Options: Three (3) Five‐year options Primary Term Remaining: 8.5 Years

Annualized Operating Data: Monthly Rent Annual Rent CAP Rate Current: $18,143 $217,716 4.83% Years 21‐25: $19,958 $239,496 5.32% Option 1: $21,953 $263,445 5.85% Option 2: $24,149 $289,790 6.43% Option 3: $26,564 $318,769 7.08%









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 4: DEMOGRAPHIC ANALYSIS

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 9©2018, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 41.2556/-73.0143RFULL9

486 Boston Post Rd1 mi radius 3 mi radius 5 mi radius

Orange, CT 06477

Population

Estimated Population (2017) 3,999 51,669 132,463Projected Population (2022) 3,953 50,836 131,413Census Population (2010) 4,004 52,260 133,449Census Population (2000) 3,585 51,251 128,408

Projected Annual Growth (2017-2022) -46 -0.2% -833 -0.3% -1,050 -0.2%Historical Annual Growth (2010-2017) -5 - -591 -0.2% -986 -0.1%Historical Annual Growth (2000-2010) 419 1.2% 1,009 0.2% 5,041 0.4%

Estimated Population Density (2017) 1,273 psm 1,828 psm 1,687 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

HouseholdsEstimated Households (2017) 1,723 20,944 53,197Projected Households (2022) 1,762 21,213 54,260Census Households (2010) 1,656 20,413 51,565Census Households (2000) 1,420 19,667 50,093

Projected Annual Growth (2017-2022) 39 0.4% 269 0.3% 1,063 0.4%Historical Annual Change (2000-2017) 304 1.3% 1,277 0.4% 3,104 0.4%

Average Household IncomeEstimated Average Household Income (2017) $118,322 $107,032 $95,683Projected Average Household Income (2022) $150,975 $132,825 $118,749Census Average Household Income (2010) $96,881 $85,805 $78,108Census Average Household Income (2000) $75,810 $70,969 $64,930

Projected Annual Change (2017-2022) $32,652 5.5% $25,793 4.8% $23,066 4.8%Historical Annual Change (2000-2017) $42,512 3.3% $36,063 3.0% $30,753 2.8%

Median Household IncomeEstimated Median Household Income (2017) $87,824 $90,398 $78,013Projected Median Household Income (2022) $102,796 $106,800 $91,845Census Median Household Income (2010) $80,592 $72,793 $65,006Census Median Household Income (2000) $63,565 $61,057 $54,301


Per Capita IncomeEstimated Per Capita Income (2017) $51,062 $43,429 $38,570Projected Per Capita Income (2022) $67,372 $55,470 $49,176Census Per Capita Income (2010) $40,076 $33,516 $30,181Census Per Capita Income (2000) $30,635 $27,218 $25,170

Projected Annual Change (2017-2022) $16,310 6.4% $12,041 5.5% $10,606 5.5%Historical Annual Change (2000-2017) $20,427 3.9% $16,212 3.5% $13,400 3.1%Estimated Average Household Net Worth (2017) $1,265,224 $1,168,783 $982,646

1 MILE 3 MILES 5 MILES









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

DEMOGRAPHICS (CONTINUED)

Demographic Source: Applied Geographic Solutions 10/2017, TIGER Geography page 1 of 9©2018, Sites USA, Chandler, Arizona, 480-491-1112

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COMPLETE PROFILE2000-2010 Census, 2017 Estimates with 2022 ProjectionsCalculated using Weighted Block Centroid from Block Groups

Lat/Lon: 41.2556/-73.0143RFULL9

486 Boston Post Rd1 mi radius 3 mi radius 5 mi radius

Orange, CT 06477

Population

Estimated Population (2017) 3,999 51,669 132,463Projected Population (2022) 3,953 50,836 131,413Census Population (2010) 4,004 52,260 133,449Census Population (2000) 3,585 51,251 128,408

Projected Annual Growth (2017-2022) -46 -0.2% -833 -0.3% -1,050 -0.2%Historical Annual Growth (2010-2017) -5 - -591 -0.2% -986 -0.1%Historical Annual Growth (2000-2010) 419 1.2% 1,009 0.2% 5,041 0.4%

Estimated Population Density (2017) 1,273 psm 1,828 psm 1,687 psmTrade Area Size 3.1 sq mi 28.3 sq mi 78.5 sq mi

HouseholdsEstimated Households (2017) 1,723 20,944 53,197Projected Households (2022) 1,762 21,213 54,260Census Households (2010) 1,656 20,413 51,565Census Households (2000) 1,420 19,667 50,093

Projected Annual Growth (2017-2022) 39 0.4% 269 0.3% 1,063 0.4%Historical Annual Change (2000-2017) 304 1.3% 1,277 0.4% 3,104 0.4%

Average Household IncomeEstimated Average Household Income (2017) $118,322 $107,032 $95,683Projected Average Household Income (2022) $150,975 $132,825 $118,749Census Average Household Income (2010) $96,881 $85,805 $78,108Census Average Household Income (2000) $75,810 $70,969 $64,930


Median Household IncomeEstimated Median Household Income (2017) $87,824 $90,398 $78,013Projected Median Household Income (2022) $102,796 $106,800 $91,845Census Median Household Income (2010) $80,592 $72,793 $65,006Census Median Household Income (2000) $63,565 $61,057 $54,301


Per Capita IncomeEstimated Per Capita Income (2017) $51,062 $43,429 $38,570Projected Per Capita Income (2022) $67,372 $55,470 $49,176Census Per Capita Income (2010) $40,076 $33,516 $30,181Census Per Capita Income (2000) $30,635 $27,218 $25,170

Projected Annual Change (2017-2022) $16,310 6.4% $12,041 5.5% $10,606 5.5%Historical Annual Change (2000-2017) $20,427 3.9% $16,212 3.5% $13,400 3.1%Estimated Average Household Net Worth (2017) $1,265,224 $1,168,783 $982,646

1 MILE 3 MILES 5 MILES









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

DEMOGRAPHIC ANALYSIS

The Route 1 (US Highway 1) Boston Post Corridor from I-95/Route 1 interchange (the West-field Connecticut Post Mall) to about Meloy Road is the major retail shopping district for the towns of Milford, Orange, West Haven, New Haven, Derby, Ansonia and Woodbridge. The Boston Post Road corridor is wall-to-wall commercial, high traffic volume and is the regional shopping destination for the southern part of New Haven County.

The Orange IHOP is located near the center of the core retail area for South New Haven County with: Home Depot, Costco, Best Buy, Lowe’s, Walmart, Target, Bank of America, Chase Bank, Starbucks, Olive Garden, TGIF, KFC, TJ Maxx, Trader Joe’s, Whole Foods, 5 Guys Burgers, Meineke, McDonalds, Chili’s. The Westfield Connecticut Post Mall has the anchor tenants of Macy’s, JC Penney’s, Sears, Target, Walmart and the Cinema 14. There are many regional busi-nesses also located along the Boston Post Road retail corridor.

Nearby Employment Centers:Yale University: ±26,700 Students, Faculty and Staff (New Haven)Sikorsky Aircraft: ±8,000 Employees (Stratford)Pez Candies: 180 Employees (Orange)Schick-Wilkerson Sword: 600 Employees (Milford)Subway World Headquarters: 700 Employees (Milford)United Illuminating: 1,200 Employees (Orange)University of New Haven: 7,000 Students, Faculty and Staff (West Haven)

Demographic Summary

2018 Demographics 1‐Mile 3‐Mile 5‐Mile Total Population 3,999 51,669 132,463 Average HH Income $118,322 $107,032 $95,683 Employment Population 5,700 34,925 80,633

DEMOGRAPHICS SUMMARY:

SITE









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 5: TENANT REPORT

Dine Brands Global, Inc. (New name for DineEquity, Inc.)One of the largest full-service dining companies in the world.

Dine Brands Global, Inc. was created from a foundation established by IHOP – an American icon to our guests and a franchising company focused on providing strategic, visionary leadership for our franchisees, unparalleled opportunities for our team members, and enhancing value for our shareholders. By bringing Apple-bee’s together with IHOP in November 2007, we made a bold, new commitment to our brand-revitalization abilities and to the power of franchising. Dine Brands Global, Inc. has successfully made our two busniesses more powerful and more successful than either brand could have been apart. Our dedicated focus combined with a core expertise in brand revitalization and franchising know-how is the basis for the winning formula that has defined the financial success of our business in recent years. As reported by Nation’s Restaurant News, Applebee’s and IHOP are the category leaders in casual and family dining.

Since 1958, IHOP® has been the place where people connect over breakfast, enjoy study breaks, grab a bite before or after sporting events and so much more. The IHOP family restaurant chain continues to serve their world-famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by peo-ple of all ages. The casual dining restaurant offers pancakes, omelets, French toasts and waffles, crepes, burgers, sandwiches, soups, salads, hash brown stacks, desserts and beverages. International House of Pancakes, LLC also provides a line of syrups through retail stores, mass merchandisers and grocery outlets in the United States. Offering an affordable, everyday dining experience with warm and friendly service, IHOP restaurants are franchised and operated by Glendale, Cali-fornia-based International House of Pancakes, LLC, a wholly-owned subsidiary of Dine Brands Global, Inc., and its affiliates. Dine Brands Global, Inc. is one of the largest full service restaurant companies in the world with more than 400 franchisee partners.

STRATEGY As the leader in Family Dining, IHOP’s 99%-franchised system delivers strong free cash flow results that have been the hallmark of the brand’s financial perfor-mance for more than half a century. lHOP relies primarily on discounted value pricing and limited-time offers, such as its Free Pancake Giveaway, to drive traffic to its restaurants. The company operates in four segments: franchise operations, company restaurant operations, rental operations, and financing operations. With mostly franchised locations, the IHOP chain includes a dozen corporate-run locations used mostly for testing and training. Focused on providing strategic, visionary leadership for their franchisees, Dine Brands Global, Inc. successfully brought Applebee’s and IHOP together in 2007 to revitalize the brands. The company’s dedicated focus combined with an expertise in brand revitalization and franchising have been the basis of their financial suc-cess in recent years. GEOGRAPHIC OUTREACH Dine Brands Global, Inc. operates in more than 20 countries. International House of Pancakes, LLC operates and franchises a chain of restaurants in all 50 states, the District of Columbia, the U.S. Virgin Islands and Puerto Rico. Internationally, the company has locations in Canada, Bahrain, Dubai, Guam, Guatemala, Kuwait, Qatar, Saudi Arabia, The Philippines and Mexico. As of 2015, there were 1,700 IHOP restaurants in 50 states.









¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

SECTION 6: AREA OVERVIEW - ORANGE, CONNECTICUT

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The above represents just a few of the many businesses located in Orange. Call (203) 891-1045 or visit www.orangeedc.com for the latest list of available properties and vacant land for development.

This brochure is sponsored by the Town of Orange Economic Development Commission. This information is not intended for any o�cial or legal use. The information contained herein is part of the public record as it existed on the date of retrieval and will be updated periodically. The Town of Orange, CT and any of its a�liates assumes no responsibility for the validity of any information presented herein, nor any responsibility for the use or misuse of this data. (Rev. 12/2017)

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VERMONTNEW

HAMPSHIRE

MAINE

NEW YORK MASSACHUSETTS

PENNSYLVANIA

CONNECTICUT

NEWJERSEY

RHODE ISLAND

12/2017

Orange

ORANGE, CONNECTICUTEstablished 1822 • Population 13,947

17 Square Miles

Open for Business

With its robust industrial and commercial business district, charming neighborhoods, family oriented community, and award winning school system; the Town of Orange is the perfect location to start or relocate a business.

Centrally located, Orange is 1.5 hours north of New York City, 2.5 hours south of Boston and 2.5 hours east of Albany. Access to the Wilbur Cross/Merritt Parkway and I-95 are located within the town, with I-91 and I-84 just minutes away.

Business CommunityCommercial and Industrial DistrictOrange has a vibrant commercial district containing shops, restaurants and entertainment, as well as a solid industrial sector containing major corporations. Commercial vacancy rates continue to improve; current rates are listed on our website, www.OrangeEDC.com.

Commercial SectorThe Boston Post Road contains shopping centers, strip malls and stand-alone buildings with small and large businesses and has an average traffic count of 22,500 vehicles daily.

Industrial SectorIn close proximity to I-95 lies a rich business community containing major corporations and business parks. Tracts of land are available for purchase and waiting for development! Orange has a Tax Incentive Program for businesses looking to relocate.

Available PropertiesProperties for lease and sale are available in both the Industrial and Commercial Sectors. Check our website under the Available Properties tab for listing.

Marketing Opportunities• OrangeLife Magazine: The

town’s magazine highlights its residential and business community. Distribution is over 7,000 and is delivered to every resident, business and PO Box in the town, and is also accessible online at www.OrangeLife.net.

• Boston Post Road Banner Program: Graphic banners are installed on 36 decorative light poles along the Boston Post Road. Businesses can showcase their name along this heavily traveled route at a very affordable rate.

Contact: Orange Economic Development Corporation (203) 891-1045 www.OrangeEDC.com

Residential CommunityCharming Neighborhoods and Strong Community

• Quiet neighborhoods with a New England charm, houses are typically built on an acre of land with new construction on 1.5 acres.

• A tight-knit community with a Town Center where various town events are held—farmers market, country fair, carnival, outdoor concerts, road races, holiday events, and more.

• A Community Center, offering activities and programs to residents, contains a Senior Center, indoor pool, gymnasium, tennis courts, walking/running track and basketball courts.

• Spacious first-class library with access to 129,000 print, media, and digital holdings.

Award Winning School System• There is a separately located kindergarten and

three elementary schools of grades 1 through 6. The Amity school system consists of a middle school of 7th and 8th grades and a tri-town high school. Most of the schools have received the National Blue Ribbon Award.

• University of New Haven – Orange Campus and Yale University – West Campus are located within the town and additional world-class universities are in close proximity.

Shopping, Restaurants and EntertainmentThe commercial sector lies along the Boston Post Road and contains multiple restaurants, shops and family entertainment venues.

Open Space & RecreationOpen space, farm land, recreation, town events, and located close to the shore; Orange has it all while maintaining its New England appeal.

• Over a thousand acres of hiking and walking trails set on seven major areas are maintained by the town and occupy the open space.

• Three 18 hole-golf courses.

• Various operating farms.

• Located along the coast, beaches are easily accessible.

Smack in the MiddleCentrally located between New York and Boston

• Easy access to I-95, I-91, and Route 15 (Wilbur Cross/Merritt Parkway).

• Ten minutes to Metro North Rail Station, West Haven, with a direct route to Grand Central Terminal, New York City.

• Fifteen minutes to Union Station, New Haven (Amtrak hub).

• Twenty minutes to Tweed New Haven Airport. • One hour to Bradley International Airport.• One hour-and-a-half to JFK International Airport.

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ORANGEC O N N E C T I C U T

A Quiet Residential Community with a

Large Commercial Base

203-891-1045www.orangeedc.com

For Business

Boston Post Road

Town Hall

Community Center

STATE OF CONNECTICUT

SITE

VERMONTNEW

HAMPSHIRE

MAINE

NEW YORKMASSACHUSETTS

PENNSYLVANIA

CONNECTICUT

NEWJERSEY

RHODE ISLAND

12/2017

Orange


17 Square Miles

Open for Business











Residential Community

605A O

range Center RoadO

range, Connecticut 06477

Community Center


VERMONTNEW

HAMPSHIRE

MAINE


PENNSYLVANIA

CONNECTICUT

NEWJERSEY

RHODE ISLAND

12/2017

Orange


17 Square Miles

Open for Business












605A O

range Center RoadO


Community Center










¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

AREA OVERVIEW - ORANGE, CONNECTICUTOpen for BusinessWith its robust industrial and commercial business district, charming neighborhoods, family oriented community, and award winning school system; the Town of Orange is the perfect location to start or relocate a business. Centrally located, Orange is 1.5 hours north of New York City, 2.5 hours south of Boston and 2.5 hours east of Alba-ny. Access to the Wilbur Cross/Merritt Parkway and I-95 are located within the town, with I-91 and I-84 just minutes away.

Commercial SectorThe Boston Post Road contains shopping centers, strip malls and stand-alone buildings with small and large businesses and has an average traffic count of 22,500 vehi-cles daily.


Residential CommunityCharming Neighborhoods and Strong Community• Quiet neighborhoods with a New England charm, houses are typically built on an acre of land with new construction on 1.5 acres.• A tight-knit community with a Town Center where various town events are held—farmers market, country fair, carnival, outdoor concerts, road races, holiday events, and more.

Award Winning School System• There is a separately located kindergarten and three elementary schools of grades 1 through 6. The Amity school system consists of a middle school of 7th and 8th grades and a tri-town high school. Most of the schools have received the National Blue Ribbon Award.• University of New Haven – Orange Campus and Yale University – West Campus are located withinthe town and additional world-class universities are in close proximity.

Shopping, Restaurants and EntertainmentThe commercial sector lies along the Boston Post Road and contains multiple restaurants, shops and family entertainment venues.

Smack in the Middle - Centrally located between New York and Boston• Easy access to I-95, I-91, and Route 15 (Wilbur Cross/Merritt Parkway).• Ten minutes to Metro North Rail Station, West Haven, with a direct route to Grand Central Terminal, New York City.• Fifteen minutes to Union Station, New Haven (Amtrak hub).• Twenty minutes to Tweed New Haven Airport.• One hour to Bradley International Airport.• One hour-and-a-half to JFK International Airport.

VERMONTNEW

HAMPSHIRE

MAINE


PENNSYLVANIA

CONNECTICUT

NEWJERSEY

RHODE ISLAND

12/2017

Orange


17 Square Miles

Open for Business












605A O

range Center RoadO


Community Center










¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072








¥ Built: 1990

¥ Zoning: M-1

¥ Occupancy: 100%

¥ Sprinklered: Yes

¥ Skylights: Yes


PROPERTY SUMMARY

Sale Price: $5,100,000($63.75/SF)




Dock High Doors: 6


Year Built: 1990

APN: 072-0430-072

AREA OVERVIEW - NEW HAVEN COUNTY, CONNECTICUT

METROPOLITAN STATISTICAL AREAThe United States Office of Management and Budget has designated New Haven County as the New Haven-Milford, CT Metropolitan Statistical Area. The United States Census Bureau ranked the New Haven-Milford, CT Metropolitan Statistical Area as the 62nd most populous metropolitan statistical area of the United States as of July 1, 2012.

The Office of Management and Budget has further designated the New Haven-Milford, CT Metropolitan Statistical Area as a component of the more ex-tensive New York-Newark, NY-NJ-CT-PA Combined Statistical Area, the most populous combined statistical area and primary statistical area of the United States as of July 1, 2012.

EDUCATIONNew Haven County serves as a center of advanced learning, with several noted educational institutions located within its borders centered on the city of New Haven. These include:

- Albertus Magnus College- Gateway Community College- Naugatuck Valley Community College- Paier College of Art- Post University- Quinnipiac University- Southern Connecticut State University- University of Connecticut- University of New Haven- Yale University


located in the middle of the wall-to-wall commercial, high ... · coldwell banker commercial nrt...

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