Denny's | 9+ Yrs NNN | 110-Unit Guarantor | 430 Clayton Rd
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Denny's | 9+ Yrs NNN | 110-Unit Guarantor 430 Clayton Rd
4,051 SF Retail Building Raton, NM 87740 $1,673,500 ($413/SF) 6% Cap Rate
Investment Highlights
- Passive investment | Absolute NNN lease | Zero Landlord responsibilities
- Healthy rent | Tenant operated at a 7% rent-to-sales ration in 2023 | Speak with Agent for details
- Parent company is WKS Restaurant Group, operators of 374+ restaurants across 19 states
- Strong store sales | Sales have increased each of the past two years, including a 10%+ increase 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
- Asset is being offered near or below replacement cost
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
4,051 SF
Building Class
C
Year Built
1998
Price
$1,673,500
Price Per SF
$413
Cap Rate
6%
NOI
$100,419
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Land Acres
0.95 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
70 Spaces (17.28 Spaces per 1,000 SF Leased)
Frontage
128 FT on Clayton Road
PROPERTY TAXES
| Parcel Number | 1135185424021 | Improvements Assessment | $382,790 |
| Land Assessment | $55,176 | Total Assessment | $437,966 |
PROPERTY TAXES
Parcel Number
1135185424021
Land Assessment
$55,176
Improvements Assessment
$382,790
Total Assessment
$437,966
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Robert Vasiliavitchious -
Matt Coates -
Calvin Short -
Aron Cline -
Berkeley Capital Advisors
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Denny's | 9+ Yrs NNN | 110-Unit Guarantor | 430 Clayton Rd
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