3901 Highway 41 N - Restaurant FOR SALE


Evansville, IN 47711- North Evansville
$1,000,000 USD
602-687-6780
3901 Highway 41 N, Evansville, IN for Sale
$1,000,000 USD
Restaurant - FOR SALE
1/4
null | 7.5% Cap Rate

3901 Highway 41 N
Evansville, IN 47711
North Evansville


HIGHLIGHTS

  • 3 Years Remaining on Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Adjacent to Brand New A-Class Multi-Family Development
  • 10% Rent Increases Every 5 Years with Next Increase in March of 2028
  • 133,568 Residents within a 5-Mile Radius
  • Denny's Operates 1,700+ Locations

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.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$183 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's - Absolute NNN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2009

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

43,996 SF

ZONING

-

APN/PARCEL ID

82-06-09-034-406.002-020

ASK ABOUT THIS PROPERTY

Christopher LindMarcus & MillichapMore Info
602-687-6780

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Christopher LindMarcus & MillichapMore Info
602-687-6780

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.