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Views: 114 DOM: 167 Updated: 09.05.24 Posted: 06.07.24 Status: Active

Summary

Price $1,673,500
Built/Renov 1998
Tenant Denny's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,051
Lease Start 08-09-2013
#Units 110
Price/SF $413.11
Expiration 08-08-2033
Tenant Type Casual Dining
NOI $100,419
R. Term 8.8
Ownership Fee Simple
Rent/SF $24.79
Increases 10.0%/4/yrs
Pop 5Mi 6,769
Lot/AC 0.95
Options 2/5yrs/10%
AHHI 5Mi $52,995

Lease Highlights

  • Denny’s has 9+ years remaining on the current lease term with 2 (5-year) options to extend
  • The lease features 10% rental escalations throughout the initial term and option periods
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Sunrise Restaurants, LLC (110 units backed)

Location Description

Denny's is strategically located on Clayton Road, with access to 5,997 vehicles passing by daily. The property is within walking distance of I-25, Raton High School (225 students), 10+ hotels/inns, and less than 2 miles from Miners’ Colfax Medical Center. The immediate area is surrounded by well-known national tenants including Arby's, Denny's, McDonald's, and more. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Denny's, or Denny's Corp (NASDAQ: DENN), is one of America’s largest full-service restaurant chains based on the number of restaurants. Founded by Harold Butler and Richard Jezak, who...


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Demographics

  1 Miles 3 Miles 5 Miles
2029 Total Population : 2,163 6,300 6,603
2024 Total Population : 2,232 6,469 6,774
2024 Employed Civilian Pop : 959 3,005 3,145
2024 Total Businesses : 166 330 335
2024 Average Household Income : $ 53,734 $ 56,614 $ 57,329
2024 Total Consumer Spending : $ 53 M $ 151 M $ 159 M
2024 Median Age : 43 49 49
2024 Total Households : 1,084 2,937 3,071
2024 Pop Age 25+: Bachelor's Degree : 162 494 522
2024 Average Home Value : $ 182,574 $ 188,245 $ 188,429
*ESRI data is presented for informational purposes only

Listing Broker

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