585 N 2nd E - Restaurant FOR SALE


Rexburg, ID 83440
$2,087,000 USD
480-221-4221
585 N 2nd E, Rexburg, ID for Sale
$2,087,000 USD
Restaurant - FOR SALE
1/9
null | 5.75% Cap Rate

585 N 2nd E
Rexburg, ID 83440


HIGHLIGHTS

  • Approximately 19 Years Remaining | Options To Extend | Scheduled Rental Increases
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Signalized, Hard-Corner Intersection | Excellent Visibility
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

SRS Real Estate Partners, LLC in collaboration with NAI Select is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Denny’s investment property located in Rexburg, Idaho. The tenant, Arexburg, LLC has approximately 19 years remaining on a 20-year lease with 2 (10-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 10 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor. The franchisee operates 24 Denny’s, as well as many other concepts.

FOR SALE DETAILS

PRICE

$2,087,000 USD

PRICE/SF

$473 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Denny's | Approx 19yrs Remaining Abs NNN

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

75

LAND DETAILS

LAND ACRES

1.14 AC

LAND SF

49,658 SF

ZONING

CBC

APN/PARCEL ID

RPR4ETA0010080

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.