Investment Overview

Marcus & Millichap is pleased to offer this outstanding Denny's location for sale in the form of a 20-year sale-leaseback executed at closing. This Denny's location was new construction in 2017 and has been maintained in outstanding condition. Subject property is adjacent to strong performing Aldi & Walmart locations (see included Placer.ai data). In addition, there are more than a dozen hotels (including two in adjacent parking lot) in the nearby surrounding area creating automatic consistent breakfast, lunch and dinner clients. The immediate area has strong demographics with a population of more than 316,000 within 5 miles and a household income average of $112,000 within 1 mile of the property. The property also benefits from direct visibility to the 91,000+ cars per day traveling on Interstate 35W. At closing the, Seller will sign a 20-year absolute net lease featuring zero landlord responsibilities and 7.5% rent increases every five years. The lease provides for the tenant taking care of all responsibilities for the property providing an investor with long-term passive income. The operator has been a Denny's franchisee since 1995. They are a multi-state operator and have eight locations backing this lease. This asset along with another Denny's location in North Branch, Minnesota are available for purchase either together or individually. Both locations have strong year over year sales increases in excess of 20% from 2022 to 2023. Inquire with broker for details.