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Restaurant

Denny's

315 W Market St, Tiffin, OH 44883

Listing Price: $1,199,000

Cap Rate
8.50%
Tenant Name
Denny's
Years Remaining On Lease
12.9
Guarantor
Franchisee Guarantee
Rentable SF
3,828
Lease Type
Absolute Net
Rent Per Square Feet
$26.63

Investment Overview

Absolute NNN leased Denny's restaurant with 12 years remaining on the base lease term. The lease calls for 8% rent increases every 5-years. The property sits in a high traffic retail corridor with W. Market Street averaging over 12,000 cars per day. Nearby tenants include AutoZone, Little Casesars Pizza, Domino's Pizza, Advance Auto Parts, and more. There are more than 25,000 residents in a 5- mile radius of the property with average household income exceeding $66,000.

Investment Highlights

  • 12 Years Remaining
  • 25,000+ Residents (5-Mile)
  • W. Market Street - 12,000+ Cars Per Day

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Listing Price: $1,199,000

Cap Rate
8.50%
Tenant Name
Denny's
Years Remaining On Lease
12.9
Guarantor
Franchisee Guarantee
Rentable SF
3,828
Lease Type
Absolute Net
Rent Per Square Feet
$26.63

Investment Highlights

  • 12 Years Remaining
  • 25,000+ Residents (5-Mile)
  • W. Market Street - 12,000+ Cars Per Day

Investment Overview

Absolute NNN leased Denny's restaurant with 12 years remaining on the base lease term. The lease calls for 8% rent increases every 5-years. The property sits in a high traffic retail corridor with W. Market Street averaging over 12,000 cars per day. Nearby tenants include AutoZone, Little Casesars Pizza, Domino's Pizza, Advance Auto Parts, and more. There are more than 25,000 residents in a 5- mile radius of the property with average household income exceeding $66,000.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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