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Restaurant

Denny's | Roseville, MN

2045 Twin Lakes Pkwy, Roseville, MN 55113

Listing Price: $2,399,000

Cap Rate
5.75%
Tenant Name
Denny's
Gross SF
4,895
Guarantor
Franchisee Guarantee
Rentable SF
4,895
Price/Gross SF
$490.09
Lease Type
Absolute Net
Rent Per Square Feet
$28.19

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 two other Denny's locations are available for purchase either as portfolio or individually. The other locations are Burnsville and North Branch, Minnesota. Inquire with broker for details.

Investment Highlights

  • 20-Year Absolute Net Sale Leaseback
  • Adjacent to Strong Performing Walmart Supercenter, per Placer.ai Report.
  • Outparcel to Aldi, Strong Performing Location, Per Placer.ai Report
  • Experienced Operator - Since 1995
  • Part of a Portfolio - Available Together or Individually
  • More Than a Dozen Hotels in Nearby Area
  • More than 316,000 Population Counts Within 5 Miles
  • Average Household Income $112,000 Within 1 Mile

Exclusively Listed By

Financing By

Restaurant

Denny's | Roseville, MN

Listing Price: $2,399,000

Cap Rate
5.75%
Tenant Name
Denny's
Gross SF
4,895
Guarantor
Franchisee Guarantee
Rentable SF
4,895
Price/Gross SF
$490.09
Lease Type
Absolute Net
Rent Per Square Feet
$28.19

Investment Highlights

  • 20-Year Absolute Net Sale Leaseback
  • Adjacent to Strong Performing Walmart Supercenter, per Placer.ai Report.
  • Outparcel to Aldi, Strong Performing Location, Per Placer.ai Report
  • Experienced Operator - Since 1995
  • Part of a Portfolio - Available Together or Individually
  • More Than a Dozen Hotels in Nearby Area
  • More than 316,000 Population Counts Within 5 Miles
  • Average Household Income $112,000 Within 1 Mile

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 two other Denny's locations are available for purchase either as portfolio or individually. The other locations are Burnsville and North Branch, Minnesota. Inquire with broker for details.

Exclusively Listed By

Financing By

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