Denny's and Retail
Retail | 5.78% CAP | 5,978 SF
Marketing description
SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a 100% occupied, two-tenant, e-commerce resistant, retail strip investment property located in Irving, TX (Dallas / Fort Worth MSA). The offering features a strong food and service-based tenant lineup of Denny’s and a massage tenant. Denny’s has 15 years of term remaining with 4 (5-year) options to extend and the massage tenant has a new, 5-year lease with 1 (5-year) option. The Denny’s lease features 8% rental increases every 5 years and at the beginning of each option period, growing NOI and hedging against inflation. Founded in 1953, Denny’s is among the largest diner-style restaurant chains with over 1,700 locations around the world.
Investment highlights
Strong Tenant Lineup | 100% Occupied | Newly Signed Leases | Scheduled Rental Increase | Long-Term Commitment to the Site
Dense Retail Corridor | Major Surrounding Shopping Centers | Situated Within Las Colinas | DFW International Airport
Direct Residential Consumer Base | Affluent Community |Strong Demographics in 5-Mile Trade Area
Located Along Lyndon B Johnson Freeway | Centralized Location |Excellent Visibility & Access
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
