Cap Rate
5.25%
Price Per SF
$522
Gross SQFT
4,551
NOI
$124,700
Property Type
Retail
INVESTMENT HIGHLIGHTS
- ABSOLUTE NNN LEASE – ZERO Landlord Responsibilities – Ideal for out of state investor
- LARGEST OPERATOR IN THE STATE OF TEXAS – 2nd Largest Operator in Denny’s System
- THIS DENNY’S IS OPERATED BY DEN-TEX CENTRAL, INC., which boasts approximately 92 units in select states
- PERSONAL GUARANTY – Excellent Personal Guaranty from the Owner of Den-Tex Central, Inc., significant net worth (Contact Broker for further details)
- RECENT ACQUISITION OF BUSINESS OPERATIONS – The current operator acquired this business in 2017, showing a strong desire to operate at this location and commitment to the site
- EXTENSIVE IMPROVEMENTS – In 2019, the tenant substantially remodeled the interior and exterior of the building, another illustration of long-term commitment to the location
- STRATEGIC RESTAURANT LOCATION – The subject property sits off of I-20, which benefits from sees over ±25,000 VPD and is within walking distance to multiple Hotels including La Quinta Inn, Best Western, Holiday Inn, and Hampton Inn.
- ICONIC CONCEPT – Denny’s is an iconic American brand that was founded in 1953 and has successfully navigated numerous
Broker of Record
- Kyle Matthews
- License No. 9005919 (TX)
- (310) 919-5757
- Matthews Retail Group, Inc.
- 841 Apollo Street. Suite 150,
El Segundo, CA 90245