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31539676

2215 Delaware Ave, Buffalo, NY 14216

MP
CA CA 01922822
Northmarq San Diego
Listed by Northmarq San Diego
$2,164,864
90 days on market
Updated 78 days ago

Denny's

Details
Property Type Retail
Sub Type Restaurant
Square Footage 5,118
Cap Rate 6.25%
NOI $135,304
Occupancy 100%
Tenancy Single
Brand/Tenant Denny's
Lease Type Absolute NNN
Lease Term 20.3
Lease Expiration 07/21/2042
Remaining Term 16
Rent Bumps Yes
Lease Options N/A
Price per SqFt $423
Year Built 1978
Buildings 1
Stories 1
Acreage 1.120
Lease Commencement 04/01/2022
Ground Lease No
Ownership Fee Simple

One of America's Most Recognized and Enduring Restaurant Brands

Marketing description

Northmarq is is pleased to offer this single-tenant Denny's property located at 2215 Delaware Avenue in Buffalo, New York 14216 (the "Property"). The asset is secured by a long-term, 20-year absolute triple net (NNN) lease with TL Restaurants, Inc., a Denny's franchisee, providing investors with stable, predictable, fully passive income backed by one of America's most enduring and recognized full-service restaurant brands. With all taxes, insurance, maintenance, and operating expenses contractually assigned to the tenant, and an express prohibition on tenant termination even upon landlord default, the Property offers an exceptional landlord favorable covenant and a premier passive investment opportunity in one of North Buffalo's most established retail corridors.

Investment highlights

  • Absolute Triple Net Lease with Long-Term Stability
  • Established, Nationally Recognized Brand
  • Significant Lease Term Remaining
  • Percentage Rent Upside
  • Landlord-Favorable Lease Structure
  • Buffalo Market Stability
  • Value-Oriented Concept | Recession Resistance
  • Established Operating Location

Listing Contacts

MP
CA CA 01922822
Northmarq San Diego
Listed by Northmarq San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$135,304.00
$11,275.33/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

Map

Zoning

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N-3E MixedMixed UseMixed Use Edge Neighborhood Zone
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Last updated May 7, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Jason Maier
License
NY Lic. #10301215989
Brokerage
Northmarq
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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