Listed by SRS Real Estate Partners Fort Lauderdale, SRS Real Estate Partners Newport Beach
$2,500,000
Denny's
Details
APN 25-37-10-00-00014.0-0000.00
Property Type Retail
Sub Type QSR/Fast Food, Restaurant
Square Footage 7,952
Cap Rate 6.19%
NOI $154,680
Occupancy 100%
Tenancy Single
Brand/Tenant Denny's
Lease Type Absolute NNN
Lease Term 15
Remaining Term 15
Rent Bumps Yes
Year Built 1982
Year Renovated 2000
Acreage 1.370
Zoning RM2 Multifamily
Parking Spaces 62 spaces
Parking Per SqFt 7.80
Investment Type Net Lease
Tenant Credit Franchisee
Ownership Fee Simple
Retail | 6.19% CAP | 7,952 SqFt
Investment highlights
New 15-Year Lease | Strong Franchisee (200+ Unit Operator) | Well-Known & Established Brand
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Banana River Square | Primary Retail Corridor
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Fort Lauderdale, SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$154,680.00
$12,890.00/mo
Valuation Metrics
0
DSCR
6.19%
Cap Rate
6.19%
ROI
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