35 years at the same location, and they just committed to 12 more. Corporate IHOP has occupied this Martinez, CA site since 1991 and recently extended its lease through 2038, with an absolute NNN structure and 2% annual rent increases. Positioned just off Highway 4 in an established Bay Area retail node surrounded by major national retailers, this opportunity combines long-term tenant commitment, passive ownership, and a location with a proven track record.