Restaurant
Denny's Absolute Net Lease
3901 Hwy 41 N, Evansville, IN 47711
Listing Price: $1,350,000
Cap Rate
5.56%
Tenant Name
Denny's
Years Remaining On Lease
3.3
Gross SF
5,450
Guarantor
No Guarantee
Rentable SF
5,450
Price/Gross SF
$247.71
Lease Type
Absolute Net
Rent Per Square Feet
$13.76
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 5,450-square-foot building at 3901 Highway 41 N, Evansville, Indiana.
Denny's Absolute Net Lease
Investment Highlights
- Absolute Net Lease | Zero Landlord Responsibilities
- Strong Store Sales Location with an Extremely Healthy Rent-to-Sales Ratio Providing a High Likelihood of Tenant Exercising Lease Renewals
- Below-Market Rent at $13.76 Rent Per SF
- 10% Rent Increases Every 5 Years with Next Increase in March of 2028
- Five-Mile Population of 134,000 with an Average Household Income of $61,860
- Excellent Access and Visibility from Hwy 41 with 35,000 VPD
- Located Adjacent with Shared Access to Comfort Inn & Suites
- 5,450 SF Building Below Replacement Cost at $247 Per SF
Exclusively Listed By
Broker of Record
Listing Price: $1,350,000
Cap Rate
5.56%
Tenant Name
Denny's
Years Remaining On Lease
3.3
Gross SF
5,450
Guarantor
No Guarantee
Rentable SF
5,450
Price/Gross SF
$247.71
Lease Type
Absolute Net
Rent Per Square Feet
$13.76
Investment Highlights
- Absolute Net Lease | Zero Landlord Responsibilities
- Strong Store Sales Location with an Extremely Healthy Rent-to-Sales Ratio Providing a High Likelihood of Tenant Exercising Lease Renewals
- Below-Market Rent at $13.76 Rent Per SF
- 10% Rent Increases Every 5 Years with Next Increase in March of 2028
- Five-Mile Population of 134,000 with an Average Household Income of $61,860
- Excellent Access and Visibility from Hwy 41 with 35,000 VPD
- Located Adjacent with Shared Access to Comfort Inn & Suites
- 5,450 SF Building Below Replacement Cost at $247 Per SF
Investment Overview
Marcus & Millichap is pleased to present the opportunity to acquire a 5,450-square-foot building at 3901 Highway 41 N, Evansville, Indiana.
Exclusively Listed By
Broker of Record
-
Josh Caruana
First Vice President/District Manager
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