Listed by Hanley Investment Group
$3,430,000
Denny's Multi-Tenant Pad | Sanger, CA
Details
APN 32009117S
Property Type Retail
Sub Type Restaurant, Storefront
Square Footage 7,325
Net Rentable (SqFt) 7,325
Cap Rate 6.00%
NOI $206,053
Occupancy 100%
Tenancy Single
Brand/Tenant Denny's
Lease Type NNN
Price per SqFt $468
Broker Co-Op Yes
Year Built 2002
Buildings 1
Stories 1
Acreage 0.820
Ground Lease No
Top-Performing Multi-Tenant Pad | Denny’s 17-Year Operating History; Top 25% Nationwide (Placer.ai)
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/Dennys_sanger
Investment highlights
- Denny’s Multi-Tenant Pad: 100% occupied, 7,325-square-foot pad with internet-resistant tenant mix. Tenants include Denny’s, Ruby Nails & Spa, and Zeus Fresh Mediterranean. Denny’s has successfully operated at the subject property for 17 years and recently exercised a 5-year option
- Denny’s: Tenant at the subject property since 2009 (17 years); top 25% in chain nationwide (Placer.ai); strong reported sales (contact agents for further details)
- Ruby Nails & Spa: Full-service nail salon; top nail salon in Sanger – 4.8 stars (Google Reviews)
- Zeus Fresh Mediterranean: Mediterranean restaurant rooted in fresh, wholesome cuisine serving traditional Greek food with multiple locations; top Greek restaurant in Sanger – 4.5 stars (Google Reviews)
- High Barriers to Entry with Limited Surrounding Retail Competition: The property benefits from its position as the primary shopping center in Sanger, serving as a key retail destination for local residents and daily commuters
- Excellent Visibility Along Main Retail Corridor: The property is situated along Academy Avenue, which functions as the primary east-west artery in Sanger, generating consistent daily traffic flow and over 22,000 CPD at the intersection of Academy Ave and Jensen Ave
- High-Growth Trade Area: The number of households has increased by over 12.5% in a 3-mile radius over the past 10 years
- Gateway To/From Iconic Tourism & Recreation Destinations: Sanger is the gateway city to two of America’s greatest National Parks and is the last city before passing through the west gates of both Sequoia National Park and Kings Canyon National Park (2 million visitors combined in 2024)
- Central Valley Location: California’s Central Valley has one of the world’s largest economies and is located within four hours of 90% of the state’s population
- Sanger is located just minutes east of Clovis-Fresno Metropolitan area on State Route 180 which connects to State Route 99
- Sanger is the center of a large agricultural area, and within 200 miles of Sacramento, San Francisco and Los Angeles
Listing Contacts
Listed by Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$206,053.00
$17,171.08/mo
Valuation Metrics
0
DSCR
6.01%
Cap Rate
6.01%
ROI
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