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Views: 75 Updated: 04.01.24 Posted: 10.06.23 Status: Inactive 03.27.24

Summary

Price $1,569,230
Built/Renov 2000
Tenant Denny's
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 2,640
Lease Start 03-01-2024
#Units 8
Price/SF $594.41
Expiration 02-28-2039
Tenant Type Casual Dining
NOI $102,000
R. Term 14.3
Ownership Fee Simple
Rent/SF $38.64
Increases 1.5%/1/yrs
Pop 5Mi 69,188
Lot/AC 0.88
Options 4/5yrs/1.5%
AHHI 5Mi $78,918

Lease Highlights

  • Tenant will sign a brand-new 15-year lease at close of escrow with 4 (5-year) options to extend
  • Lease features 1.5% annual rental increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Franchisee guaranteed

Location Description

Denny’s is situated on Clemson Road, which sees a daily traffic count of 31,700 vehicles. Its location is conveniently positioned just 13 miles south of Clemson University and 3 miles north of Anderson University. The property also benefits from its proximity to Anderson Mall, which features anchor stores like Dillard's, JCPenney, and Belk. Additionally, it is conveniently close to major...

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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 number of restaurants. Founded by Harold Butler and Richard Jezak, who opened...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 4,471 36,597 73,516
2023 Total Population : 4,386 35,765 71,045
2023 Employed Civilian Pop : 2,134 17,163 31,853
2023 Total Businesses : 462 2,048 2,997
2023 Average Household Income : $ 74,059 $ 78,596 $ 77,749
2023 Total Consumer Spending : $ 131 M $ 1029 M $ 1965 M
2023 Median Age : 38 40 41
2023 Total Households : 2,038 15,007 28,950
2023 Pop Age 25+: Bachelor's Degree : 810 4,803 8,625
2023 Average Home Value : $ 287,071 $ 247,461 $ 245,826
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Clemson Boulevard E Beltline Blvd 2022 32,800 0.48 mi
Martin Luther King Jr Boulevard Civic Center Blvd Exd 2022 13,900 0.63 mi
Civic Center Boulevard Civic Center Blvd 2022 10,600 0.64 mi
Concord Road Calrossie Rd 2022 11,800 0.79 mi
Kings Road Canterbury Rd 2022 3,600 0.92 mi
Civic Center Boulevard Liberty Hwy 2021 9,200 0.96 mi
Camfield Road 840 2022 550 1.00 mi
East North Avenue 126 2022 8,500 1.01 mi
Hobson Rd Robert de Brus Cir 2018 325 1.11 mi
Salem Church Road Hembree Rd 2022 7,600 1.13 mi

Listing Broker

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