Marcus & Millichap is pleased to offer this outstanding Denny's location for sale in the form of a 15-year sale-leaseback executed at closing. The lease provides for very passive income for the investor with zero landlord responsibilities. In addition, the lease provides for an inflation hedge with 7.5% annual rent bumps every 5 years. Subject location underwent a significant remodel in September 2022 including: parking lot resurfacing and restriping; new front entrance doors; and new LED parking lot lighting including repainting the poles. This included extensive cosmetic upgrades to the interior including: new booth seating matching the new color scheme; new tables and chairs; new restroom doors, tile and trim; new interior trim and laminate surfaces; decorative screens for booth partitions; new window shades; and new logo behind the front counter. Sales are up substantially since the remodel. The operator has been a Denny's franchisee since 1995. They are a multi-state operator and have eight locations backing this lease. The immediate area has strong demographics with a household income average of just under $103,000 within 5 miles of the property. The property also benefits from direct visibility to the 37,000+ cars per day traveling on Interstate 35. There has been significant development in the immediate area the last several years such as Starbucks, Chipotle, M Health Fairview Urgent Care Hospital and Boka Assisted Living Facility which is adjacent to the hospital. There is also a large new home development in the works of reportedly 324 single family homes as well as some commercial lots located just of Interstate 35 and north of 400th ST, which is basically straight north of the Denny's: https://finance-commerce.com/2024/10/developer-proposes-hundreds-of-new-homes-in-north-branch/ NOTE: There is an additional adjacent buildable lot potentially available for purchase. Inquire with broker for details.