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Restaurant

Denny's

3901 Hwy 41 North, Evansville, IN 47711

Listing Price: $1,000,000

Cap Rate
7.50%
Tenant Name
Denny's
Years Remaining On Lease
3.0
Guarantor
Franchisee Guarantee
Rentable SF
5,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.76

Investment Overview

Denny’s (NASDAQ: DENN) is a full-service fast-casual family restaurant chain, with over 1,600 restaurants to date. It is known for always being open - serving breakfast, lunch, dinner, and dessert around the clock. The first Denny’s was opened in 1953 in Lakewood, California, under the name Danny’s Donuts. In 1959, the then 20-restaurant chain, changed its name to Denny’s.
Glenn and Tina Beattie are the 2020 Influencer for Husband-and-Wife Team Award MVPs (Most Valuable Performers). The Beatties have more than three decades of experience with the Denny’s brand. Glenn spent his entire career with Denny’s, beginning as a restaurant assistant manager and working his way up to vice president of operations for a large franchise group. He would go on to become a franchisee with the brand in 2003. Tina, who was a Denny’s restaurant hostess when they met, worked her way up to director of real estate for the same franchise group.
As the third largest city in Indiana, Evansville is the regional hub in the southwestern corner of the state. Located along the Ohio River, it’s an easy drive from several large metropolitan areas such as Indianapolis, Cincinnati, Louisville, Nashville, and St. Louis. The City of Evansville, Indiana, was founded in 1812 on a scenic bend in the Ohio River. With a population of nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, the city is known for its rich history, economic diversity, and vibrant cultural scene.

Investment Highlights

  • 3 Years Remaining on Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Adjacent to Brand New A-Class Multi-Family Development
  • 10 Percent Rent Increases Every 5 Years with Next Increase in March of 2028
  • 133,568 Residents within a 5-Mile Radius
  • Excellent Access and Visibility from Hwy 41 with 35,000 Vehicles Per Day

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s) IN: RB14034355

    Indiana

Financing By

Listing Price: $1,000,000

Cap Rate
7.50%
Tenant Name
Denny's
Years Remaining On Lease
3.0
Guarantor
Franchisee Guarantee
Rentable SF
5,450
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$13.76

Investment Highlights

  • 3 Years Remaining on Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Adjacent to Brand New A-Class Multi-Family Development
  • 10 Percent Rent Increases Every 5 Years with Next Increase in March of 2028
  • 133,568 Residents within a 5-Mile Radius
  • Excellent Access and Visibility from Hwy 41 with 35,000 Vehicles Per Day

Investment Overview

Denny’s (NASDAQ: DENN) is a full-service fast-casual family restaurant chain, with over 1,600 restaurants to date. It is known for always being open - serving breakfast, lunch, dinner, and dessert around the clock. The first Denny’s was opened in 1953 in Lakewood, California, under the name Danny’s Donuts. In 1959, the then 20-restaurant chain, changed its name to Denny’s. Glenn and Tina Beattie are the 2020 Influencer for Husband-and-Wife Team Award MVPs (Most Valuable Performers). The Beatties have more than three decades of experience with the Denny’s brand. Glenn spent his entire career with Denny’s, beginning as a restaurant assistant manager and working his way up to vice president of operations for a large franchise group. He would go on to become a franchisee with the brand in 2003. Tina, who was a Denny’s restaurant hostess when they met, worked her way up to director of real estate for the same franchise group. As the third largest city in Indiana, Evansville is the regional hub in the southwestern corner of the state. Located along the Ohio River, it’s an easy drive from several large metropolitan areas such as Indianapolis, Cincinnati, Louisville, Nashville, and St. Louis. The City of Evansville, Indiana, was founded in 1812 on a scenic bend in the Ohio River. With a population of nearly 121,000 people in the city limits and more than 300,000 people in the metropolitan area, the city is known for its rich history, economic diversity, and vibrant cultural scene.

Exclusively Listed By

Broker of Record

  • Josh Caruana

    First Vice President/District Manager

    (317) 218-5300

    License(s): IN: RB14034355

    Indiana

Financing By

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