loader
Join Free
Views: 52 DOM: 70 Updated: 11.07.24 Posted: 10.12.24 Status: Active

Summary

Price $2,288,000
Built/Renov 1993/2017
Tenant Denny's
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 4,670
Lease Start 05-10-2017
#Units 1
Price/SF $489.94
Expiration 05-31-2037
Tenant Type Casual Dining
NOI $137,280
R. Term 12.5
Ownership Fee Simple
Rent/SF $29.40
Increases 10.0%/5/yrs
Pop 5Mi 73,049
Lot/AC 1.23
Options 0/0yrs
AHHI 5Mi $97,891

Lease Highlights

  • Denny’s has 12+ years remaining on the current lease term with no options to extend
  • The lease features 10% rental increases every 5 years throughout the base term
  • Absolute NNN lease | Zero landlord responsibilities
  • Experienced operator | The franchisee that operates this location, EYM Diner has been operating several Denny’s restaurants since 2012 in Florida and the Dallas-Ft. Worth area

Location Description

Denny's is strategically located on N. Woodland Boulevard, with access to 23,000 vehicles passing by daily. The property is surrounded by notable national tenants such as Subway, Waffle House, Advance Auto Parts, Burger King, Sunoco, and more. Additionally, it is just one mile north of Stetson University, a well-known four-year private university. The 5-mile trade area serves a population of...

...

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...


...

Listing Broker

Loading...
Disclaimer & Confidentiality
All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT

GET IN TOUCH

my activity