DENNY'S

120 E Overland Trail, Abilene, TX 79606
$2,375,000

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