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 signi?cant 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 more than 20% since remodel. The operator has been a Denny's franchisee since 1995. They are a multi-state operator and have eight locations backing this lease. There has been significant development recently in the immediate area. The property also benefits from direct visibility to the 37,000+ cars per day traveling on Interstate 35.
NOTE: There is an additional adjacent buildable lot potentially available for purchase. Inquire with broker for details.