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Restaurant

Denny's | North Branch

38681 Tanger Dr, North Branch, MN 55056

Listing Price: $1,625,000

Cap Rate
5.91%
Tenant Name
Denny's
Gross SF
3,699
Guarantor
Franchisee Guarantee
Rentable SF
3,699
Price/Gross SF
$439.31
Lease Type
Absolute Net
Rent Per Square Feet
$25.95

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. The lease provides for very passive income for the investor with zero landlord responsibilities. In addition, the lease provides for an inflation hedge with 7.5% annual rent bumps every 5 years. Subject location underwent a significant remodel in September 2022 including: parking lot resurfacing and restriping; new front entrance doors; and new LED parking lot lighting including repainting the poles. This included extensive cosmetic upgrades to the interior including: new booth seating matching the new color scheme; new tables and chairs; new restroom doors, tile and trim; new interior trim and laminate surfaces; decorative screens for booth partitions; new window shades; and new logo behind the front counter. The operator has been a Denny's franchisee since 1995. They are a multi-state operator and have eight locations backing this lease. The immediate area has strong demographics with a household income average of just under $103,000 within 5 miles of the property. The property also benefits from direct visibility to the 37,000+ cars per day traveling on Interstate 35. This asset along with two other Denny's locations are available for purchase either as portfolio or individually. The other locations are Roseville and Burnsville, Minnesota. Inquire with broker for details. NOTE: There is an additional adjacent buildable lot potentially available for purchase. Inquire with broker for details.

Investment Highlights

  • 20-Year Absolute Net Sale Leaseback
  • Recently Remodeled
  • Healthy Rent to sales Ratio
  • Inflation Hedge With 7.5% Rent Increases Every 5 Years
  • Experienced Operator - Since 1995
  • Additional Buildable Lot Potentially Available
  • Part of a Portfolio - Available Together or Individually

Exclusively Listed By

Financing By

Restaurant

Denny's | North Branch

Listing Price: $1,625,000

Cap Rate
5.91%
Tenant Name
Denny's
Gross SF
3,699
Guarantor
Franchisee Guarantee
Rentable SF
3,699
Price/Gross SF
$439.31
Lease Type
Absolute Net
Rent Per Square Feet
$25.95

Investment Highlights

  • 20-Year Absolute Net Sale Leaseback
  • Recently Remodeled
  • Healthy Rent to sales Ratio
  • Inflation Hedge With 7.5% Rent Increases Every 5 Years
  • Experienced Operator - Since 1995
  • Additional Buildable Lot Potentially Available
  • Part of a Portfolio - Available Together or Individually

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. The lease provides for very passive income for the investor with zero landlord responsibilities. In addition, the lease provides for an inflation hedge with 7.5% annual rent bumps every 5 years. Subject location underwent a significant remodel in September 2022 including: parking lot resurfacing and restriping; new front entrance doors; and new LED parking lot lighting including repainting the poles. This included extensive cosmetic upgrades to the interior including: new booth seating matching the new color scheme; new tables and chairs; new restroom doors, tile and trim; new interior trim and laminate surfaces; decorative screens for booth partitions; new window shades; and new logo behind the front counter. The operator has been a Denny's franchisee since 1995. They are a multi-state operator and have eight locations backing this lease. The immediate area has strong demographics with a household income average of just under $103,000 within 5 miles of the property. The property also benefits from direct visibility to the 37,000+ cars per day traveling on Interstate 35. This asset along with two other Denny's locations are available for purchase either as portfolio or individually. The other locations are Roseville and Burnsville, Minnesota. Inquire with broker for details. NOTE: There is an additional adjacent buildable lot potentially available for purchase. Inquire with broker for details.

Exclusively Listed By

Financing By

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