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Restaurant

Denny's Crescent City

1225 5th St, Crescent City, CA 95531

Listing Price: $1,418,182

Cap Rate
5.50%
Tenant Name
One Rosewater, Inc (dba Denny's)
Years Remaining On Lease
4.6
Gross SF
2,905
Guarantor
Local Franchisee
Rentable SF
2,500
Price/Gross SF
$488.19
Lease Type
Absolute Net
Rent Per Square Feet
$31.20

Investment Overview

Marcus & Millichap is pleased to present Denny’s Restaurant in Crescent City, California, a Single Tenant Net Leased investment opportunity. The subject property was built to suit for Denny’s in 1969 and has been in continuous operation at this location for approximately 52 years. The subject is a superbly maintained example of a classic Denny’s “cupcake” building designed by notable architects Armet & Davis. Sitting on a .64-Acre parcel the property includes 44 surface parking spaces, a ratio of more than 17 spaces per 1,000-square feet. The Subject is located on the corner of 5th Street and US Route 101, in the heart of Crescent City’s downtown central business district. It is directly across the street from a Safeway anchored shopping center that also includes a Rite Aid, Tractor Supply and Crescent City Cinemas, the only movie theater in Del Norte County. It is also less than a mile from no less than 10 hotels and motels that line Route 101 surrounding Crescent City’s harbor. A fee simple offering, the subject consists of a restaurant building totaling 2500-square feet on a .64-acre parcel. The property includes 44 surface parking spaces, a ratio of 17.6 spaces per 1,000-SF. Denny’s in Crescent City offers an investor the rare opportunity to acquire a low price point, national brand, absolute net leased investment with a 50+ year history of successful operations.

Investment Highlights

  • Low Price Point Denny's with Over 50 Years of History at This Site
  • Located within a Mile of 10 Hotels, Crescent City Harbor, Tourist Attractions
  • Unusual Weekly Rent Schedule

Exclusively Listed By

Financing By

Listing Price: $1,418,182

Cap Rate
5.50%
Tenant Name
One Rosewater, Inc (dba Denny's)
Years Remaining On Lease
4.6
Gross SF
2,905
Guarantor
Local Franchisee
Rentable SF
2,500
Price/Gross SF
$488.19
Lease Type
Absolute Net
Rent Per Square Feet
$31.20

Investment Highlights

  • Low Price Point Denny's with Over 50 Years of History at This Site
  • Located within a Mile of 10 Hotels, Crescent City Harbor, Tourist Attractions
  • Unusual Weekly Rent Schedule

Investment Overview

Marcus & Millichap is pleased to present Denny’s Restaurant in Crescent City, California, a Single Tenant Net Leased investment opportunity. The subject property was built to suit for Denny’s in 1969 and has been in continuous operation at this location for approximately 52 years. The subject is a superbly maintained example of a classic Denny’s “cupcake” building designed by notable architects Armet & Davis. Sitting on a .64-Acre parcel the property includes 44 surface parking spaces, a ratio of more than 17 spaces per 1,000-square feet. The Subject is located on the corner of 5th Street and US Route 101, in the heart of Crescent City’s downtown central business district. It is directly across the street from a Safeway anchored shopping center that also includes a Rite Aid, Tractor Supply and Crescent City Cinemas, the only movie theater in Del Norte County. It is also less than a mile from no less than 10 hotels and motels that line Route 101 surrounding Crescent City’s harbor. A fee simple offering, the subject consists of a restaurant building totaling 2500-square feet on a .64-acre parcel. The property includes 44 surface parking spaces, a ratio of 17.6 spaces per 1,000-SF. Denny’s in Crescent City offers an investor the rare opportunity to acquire a low price point, national brand, absolute net leased investment with a 50+ year history of successful operations.

Exclusively Listed By

Financing By

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