Restaurant
Denny's
1 Merlin Dr, Troy, MO 63379
Listing Price: $1,923,077
Cap Rate
6.50%
Tenant Name
Denny's
Years Remaining On Lease
10.2
Guarantor
Franchisee Guarantee
Rentable SF
4,698
Lease Type
Absolute Net
Rent Per Square Feet
$26.61
Investment Overview
See Investment Highlights
Denny's
Investment Highlights
- Brand New Extension - The tenant recently executed a 10-year lease extension, showing dedication to the location.
- Absolute Net Lease - The property features an absolute net lease with Denny's largest franchisee in the system (WKS Restaurants).
- Rental Increases - The lease includes 10% rental increase every 5 years and multiple renewal option periods.
- Sustainable rent figure - Per reported sales, the base rent provides for a healthy rent to sales ratio. See agent for more details.
- Ideal Location - The property benefits from both a local and transient customer base thanks to its visibility from both Highway 47 and Route 61.
- St. Louis MSA - Troy, MO is approximately 60 miles from Downtown St. Louis and is connected by Highway 47.
Exclusively Listed By
Broker of Record
Listing Price: $1,923,077
Cap Rate
6.50%
Tenant Name
Denny's
Years Remaining On Lease
10.2
Guarantor
Franchisee Guarantee
Rentable SF
4,698
Lease Type
Absolute Net
Rent Per Square Feet
$26.61
Investment Highlights
- Brand New Extension - The tenant recently executed a 10-year lease extension, showing dedication to the location.
- Absolute Net Lease - The property features an absolute net lease with Denny's largest franchisee in the system (WKS Restaurants).
- Rental Increases - The lease includes 10% rental increase every 5 years and multiple renewal option periods.
- Sustainable rent figure - Per reported sales, the base rent provides for a healthy rent to sales ratio. See agent for more details.
- Ideal Location - The property benefits from both a local and transient customer base thanks to its visibility from both Highway 47 and Route 61.
- St. Louis MSA - Troy, MO is approximately 60 miles from Downtown St. Louis and is connected by Highway 47.
Investment Overview
See Investment Highlights
Exclusively Listed By
Broker of Record
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