Restaurant
Denny's | North Branch
38681 Tanger Dr, North Branch, MN 55056
Listing Price: $1,542,538
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. Sales are up more than 20% since remodel.
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 another Denny's location In Roseville, Minnesota are available for purchase together or individually. This location has a healthy rent to sales ratio with strong year over year increase in excess of 20% from 2022 to 2023.
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
- Healthy Sales With Strong Year Over Year Increase
- Experienced Operator - Since 1995
- Additional Buildable Lot Potentially Available
- Part of a Portfolio - Available Together or Individually
Exclusively Listed By
Financing By
Listing Price: $1,542,538
Investment Highlights
- 20-Year Absolute Net Sale Leaseback
- Recently Remodeled
- Healthy Rent to Sales Ratio
- Healthy Sales With Strong Year Over Year Increase
- 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. Sales are up more than 20% since remodel. 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 another Denny's location In Roseville, Minnesota are available for purchase together or individually. This location has a healthy rent to sales ratio with strong year over year increase in excess of 20% from 2022 to 2023. NOTE: There is an additional adjacent buildable lot potentially available for purchase. Inquire with broker for details.