4442 US Highway 19 - Restaurant FOR SALE


New Port Richey, FL 34652
$3,420,000 USD
480-221-4221
4442 US Highway 19, New Port Richey, FL for Sale
$3,420,000 USD
Restaurant - FOR SALE
1/8
null | 4.91% Cap Rate

4442 US Highway 19
New Port Richey, FL 34652


HIGHLIGHTS

  • Brand New 10-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand
  • Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Sam’s Club Anchored Shopping Center
  • Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, franchisee guaranteed, Denny’s investment property located in New Port Richey, Floria (Tampa MSA). The tenant recently extended their lease an additional 15 years with 4 (5-year) option periods, demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1953, Denny’s is among the largest diner-style restaurant chains with over 1,700 locations around the world.

FOR SALE DETAILS

PRICE

$3,420,000 USD

PRICE/SF

$884 USD /SF

CAP RATE

4.91%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | New 15yr Abs NNN | Sam's Club Outpa

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C2

APN/PARCEL ID

18-26-16-0000-01500-0030

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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