Denny's
Retail | 8.00% CAP | 2,324 SqFt
Marketing description
Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase a fee simple interest in the Denny's located in Tyler, TX (“The Property”). The Property consists of a 2,324-square-foot freestanding retail building on a 0.45-acre parcel of land. Denny's is operating under a long-term, absolute NNN lease with 12 years of lease term remaining. Additionally, the lease features 10% rental increases every five (5) years, offering investors a hedge against inflation. The next rent bump occurs in May 2028.
Investment highlights
Long-Term Lease Commitment - Absolute NNN Lease with Rental Increases
Experienced Multi-Unit Franchisee/Operator
Excellent Visibility and Immediate Access to W NW Loop 323
Growing East Texas Market – Great Long-Term Location for Growth
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