Denny's
Prime I-15 highway net lease investment with captive traveler demand.
Marketing description
Cushman & Wakefield is pleased to present the exclusive listing of Denny's, a 5,800 SF freestanding Denny's on a 42,143 SF parcel at the I-15 Baker interchange — the only sit-down dining option between Barstow and the Nevada border. The property is fully leased to G2G Management Group, the franchise operator, under an Absolute NNN lease structure with zero landlord responsibilities.
72415 Baker Blvd is a 5,800 SF freestanding Denny's on a 42,143 SF parcel at the I-15 Baker interchange — the last sit-down dining option before the Nevada border on I-15. Built in 2004, the property operates under an Absolute NNN lease. Commercial zoning; ~33,000 vehicles/day on I-15; 133,300 annual visits.
Baker, CA is an unincorporated community in San Bernardino County at the midpoint of I-15 between Los Angeles (~90 mi) and Las Vegas (~90 mi) — the last major interchange with food and fuel before the Nevada border, a mandatory stop for millions of annual highway travelers. The subject property at 72415 Baker Blvd is the only sit-down restaurant in Baker city limits, capturing all highway traveler dining demand at this interchange.
Investment highlights
- ABSOLUTE NNN LEASE - Tenant pays all property taxes, insurance, and maintenance. Zero landlord obligations. The most passive net lease structure available — ideal for 1031 exchange buyers and out-of-state investors.
- I-15 HIGHWAY MONOPOLY - The only sit-down restaurant at the I-15 Baker exit — no competing full-service dining within Baker city limits. ~33,000 vehicles/day on I-15 (Caltrans). The LA–Las Vegas corridor is one of the highest-traffic leisure routes in the United States.
- MEASURABLE CAPTIVE DEMAND - 133,300 annual visits and $2.3M estimated annual sales (Placer.ai, May 2025–Apr 2026). Average ticket: $46.80. Average dwell time: 46 minutes. Peak visitor origin: Las Vegas Strip casinos and SoCal theme parks.
- LAS VEGAS CORRIDOR TRAFFIC - 52.8% of Las Vegas visitors arrive by ground via I-15 (LVVPS 2025). 32.2% are California residents — the single largest origin segment. Average LV visitor makes 1.86 trips/year, generating repeat corridor traffic through Baker.
- INSTITUTIONAL DEMAND CONFIRMED - In Dec 2025, Essential Properties Realty Trust acquired 69 Denny's corporate NNN properties nationally, confirming institutional appetite for Denny's net lease paper. 100% bonus depreciation reinstated permanently July 2025 further enhances buyer tax profile.
- 1031 EXCHANGE OPPORTUNITY - Priced below $2.3 M is in the range of 80% of the current 1031 exchange buyers for net leased assets. Coupled with a going-in cap rate yield of 8.81%, makes this extremely attractive to the prudent investor.
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