430 Clayton Rd - Restaurant FOR SALE


Raton, NM 87740
$1,673,500 USD
224-522-9064
430 Clayton Rd, Raton, NM for Sale
$1,673,500 USD
Restaurant - FOR SALE
1/4
null | 6% Cap Rate

430 Clayton Rd
Raton, NM 87740


HIGHLIGHTS

  • Passive investment | Absolute NNN lease | Zero Landlord responsibilities
  • Strong store sales | Sales have increased each of the past two years, including a 10%+ increase in 2023 | Speak with Agent for details
  • Healthy rent | Tenant operated at a 7% rent-to-sales ration in 2023 | Speak with Agent for details
  • Strong guarantor | Lease is backed by Sunrise Restaurants, LLC, the largest Denny’s franchisee in the system with 110 units
  • Parent company is WKS Restaurant Group, operators of 374+ restaurants across 19 states
  • Asset is being offered near or below replacement cost

OVERVIEW

• Long-term lease | There are ±9 years remaining on the base lease term • Passive investment | Absolute NNN lease | Zero Landlord responsibilities • Strong store sales | Sales have increased each of the past two years, including a 10%+ increase in 2023 | Speak with Agent for details • Healthy rent | Tenant operated at a 7% rent-to-sales ration in 2023 | Speak with Agent for details • Rare percentage rent clause | Tenant pays a 7% override on sales above $1,305,953 (Tenant hit the threshold in 2023) | Speak with Agent for details • Strong guarantor | Lease is backed by Sunrise Restaurants, LLC, the largest Denny’s franchisee in the system with 110 units: – Parent company is WKS Restaurant Group, operators of 374+ restaurants across 19 states | Brands include Denny’s, Wendy’s, Blaze Pizza, El Pollo Loco, and Krispy Kreme | See page 12 for more info • Low rent & price point for a Denny’s asset • Asset is being offered near or below replacement cost • Excellent access and visibility from U.S. Highway 64 aka Clayton Road • Site is walking distance to: – I-25 – Raton High School | 225 students – 10+ hotels/inns • Less than 2 miles from Miners’ Colfax Medical Center | 25-bed, acute care hospital

FOR SALE DETAILS

PRICE

$1,673,500 USD

PRICE/SF

$413 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | 9+ Yrs NNN | 110-Unit Guarantor

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

C

APN/PARCEL ID

1135185424021

ASK ABOUT THIS PROPERTY

Robert VasiliavitchiousBerkeley Capital AdvisorsMore Info
224-522-9064

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Robert VasiliavitchiousBerkeley Capital AdvisorsMore Info
224-522-9064

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