Listed by Essential Capital Advisors
$1,565,800
Denny's
Details
APN 006-240-019-000
Property Type Retail
Sub Type Restaurant
Square Footage 4,238
Cap Rate 6.5%
NOI $101,780
Occupancy 100%
Tenancy Single
Brand/Tenant Denny's
Lease Type NNN
Lease Term 10
Lease Expiration 08/31/2032
Remaining Term 6.1
Rent Bumps Yes
Lease Options Two, 5-Year
Price per SqFt $369
Year Built 1973
Acreage 0.770
Zoning CITY
Parking Spaces 12.27 per 1,000 sq ft
Investment Type Net Lease
Lease Commencement 09/01/2022
Occupancy Date 09/01/1973
Ownership Fee Simple
National Tenant | 53 Year Operating History | NNN Lease | Low In-Place Rent
Investment highlights
- NNN lease with 6.5 years remaining and 2, 5-year options
- 5% increases every 5 years – 5.5% percentage rent of gross sales
- Seasoned location with 53-year operating history
- Low price point – management free asset, ideal for passive investor
- Corner parcel with monument signage off Highway 99 – 68,217 vehicles per day
- Located next to Double Tree Inn by Hilton, Motel 6, and Super 8 by Wyndham
- Within close proximity to Grocery Outlet, Trader Joes, Marshalls, PetSmart, Five Below, Dollar Tree, Cinemark, Dutch Bros, Wendyʼs, Panda Express, 7-Eleven, and Sherwin-Williams
- Multi-unit franchisee operator – West Coast Diner Management, Inc
- 1,341 Dennyʼs locations throughout US – 363 in California
- Proven casual dining concept – well recognized brand
Listing Contacts
Listed by Essential Capital Advisors
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$101,780.00
$8,481.67/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage Phone
Brokerage Address
Is there information that looks off?
