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Restaurant

Denny's Spanish Fork

592 Kirby Ln, Spanish Fork, UT 84660

Listing Price: $3,105,882

Cap Rate
4.25%
Tenant Name
Sunrise Restaurants, LLC
Years Remaining On Lease
13.4
Guarantor
No Guarantee
Rentable SF
3,548
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.20

Investment Overview

Marcus & Millichap presents for sale the Denny's in Spanish Fork, Utah. This 0.58-acre property has approximately 3,550 square feet of rentable area, and it was constructed in 1999. The lease has about 13 years remaining with four, 5-year options thereafter. Rent increases are 10% every 5 years, including at the options. The lease is NNN with landlord responsibilities being roof and structure maintenance of the property. The pricing reflects a 4.25% cap rate on the current NOI. The tenant, Sunrise Restaurants, LLC, is an affiliate of WKS Restaurant group, who operates over 280 restaurants in 16 states as a franchisee of El Pollo Loco, Blaze Pizza, Krispy Kreme Doughnuts, Denny's, and Wendy's. As of 2019, Sunrise owns and operates 127 Denny's locations with an experienced restaurant management team.

Investment Highlights

  • 4.25% Cap Rate
  • 13 Years Left on Current Lease Term with 10 % Increases Every Five Years
  • Four, 5-Year Options Available After Current Lease Term
  • Triple Net Property
  • Tenant is Sunrise Restaurants, LLC, an Affiliate of WKS Restaurant Group, which Operates over 280 Restaurants in 16 States
  • Frontage Road in Excess of 30,000 VPD

Exclusively Listed By

Restaurant

Denny's Spanish Fork

Listing Price: $3,105,882

Cap Rate
4.25%
Tenant Name
Sunrise Restaurants, LLC
Years Remaining On Lease
13.4
Guarantor
No Guarantee
Rentable SF
3,548
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.20

Investment Highlights

  • 4.25% Cap Rate
  • 13 Years Left on Current Lease Term with 10 % Increases Every Five Years
  • Four, 5-Year Options Available After Current Lease Term
  • Triple Net Property
  • Tenant is Sunrise Restaurants, LLC, an Affiliate of WKS Restaurant Group, which Operates over 280 Restaurants in 16 States
  • Frontage Road in Excess of 30,000 VPD

Investment Overview

Marcus & Millichap presents for sale the Denny's in Spanish Fork, Utah. This 0.58-acre property has approximately 3,550 square feet of rentable area, and it was constructed in 1999. The lease has about 13 years remaining with four, 5-year options thereafter. Rent increases are 10% every 5 years, including at the options. The lease is NNN with landlord responsibilities being roof and structure maintenance of the property. The pricing reflects a 4.25% cap rate on the current NOI. The tenant, Sunrise Restaurants, LLC, is an affiliate of WKS Restaurant group, who operates over 280 restaurants in 16 states as a franchisee of El Pollo Loco, Blaze Pizza, Krispy Kreme Doughnuts, Denny's, and Wendy's. As of 2019, Sunrise owns and operates 127 Denny's locations with an experienced restaurant management team.

Exclusively Listed By

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