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Denny's | Approx 19yrs Remaining Abs NNN 585 N 2nd E

4,410 SF Retail Building Rexburg, ID 83440 $2,087,000 ($473/SF) 5.75% Cap Rate

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Investment Highlights

Approximately 19 Years Remaining | Options To Extend | Scheduled Rental Increases
Signalized, Hard-Corner Intersection | Excellent Visibility

Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Strong Demographics In 5-Mile Trade Area

Executive Summary

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.

Property Facts

Sale Type

Investment NNN

Property Type

Retail

Property Subtype

Restaurant

Building Size

4,410 SF

Year Built

1970

Price

$2,087,000

Price Per SF

$473

Cap Rate

5.75%

NOI

$120,000

Tenancy

Single

Building Height

1 Story

Building FAR

0.09

Lot Size

1.14 AC

Zoning

CBC - Community Business Center

Parking

75 Spaces (17.01 Spaces per 1,000 SF Leased)

Amenities

Corner Lot
Freeway Visibility

Pylon Sign
Restaurant

Signage

Signalized Intersection

Accommodation and Food Services
99,999 SF
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For over 65 years, Denny’s has been a welcoming place where people can connect over great food. They’re always open, always serving your favorites, and they’re proud to be America's diner. They’re more than just customers or consumers. They’re their guests, and they invite them into their homes with open arms. They’re the very reason why they're in business, and they put them at the center of everything they do. Their Denny's family is their most important asset. They trust, support and respect each other and work together for the greater good. They recognize the contributions of all. Denny's is the classic American diner and proud of everything that means. Since 1953, they've served quality food and healthy portions at a fair price. No matter where they are, their light is always on, inviting guests around the world into a place where everyone is welcome.