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Denny's
Las Vegas, NV 89102
Absolute NNN- Brand New- Near Strip · Retail Property For Sale
Investment Highlights
- Brand New Absolute NNN 20 Year Lease - Denny’s (NASDAQ: DENN)
- Excellent Operator with 40+ Locations Across California, Colorado, and Nevada
- Heavily Trafficked Location (62,000+ AADT)
- 10% Increases Every 5 Yrs - Including Options (4-5 Yr Options)
- Irreplaceable High Profile Site off W Sahara Blvd - 1 Mile from The Strip
- Hard Corner - Signalized Intersection - Located Across from Palace Station Hotel & Casino
PROPERTY FACTS
- Freestanding
- General Retail Restaurant
Amenities
- Signalized Intersection
About Denny's , Las Vegas, NV 89102
We are pleased to present to qualified investors an opportunity to purchase (fee simple) an absolute NNN single tenant investment that is fully leased to Denny’s on a brand new 20 year lease. This lease provides investors long term secure cash flow from one of the largest Denny’s operators in the U.S. (40+ sites) with a strong Las Vegas track record and a hedge against inflation from attractive 10% rental increases every 5 years. This property is part of a brand new redevelopment located on the signalized, hard corner of one of the busiest East/West thoroughfares in Las Vegas (Sahara Blvd - 62,000+ AADT). Due to its close proximity to I-15’s on and off ramps, Las Vegas Boulevard (“The Strip”) and the Sahara Office Corridor, this restaurant is well positioned to serve both the busy local daytime population and Las Vegas visitors. This offering provides investors a truly rare opportunity to acquire a brand new absolute NNN, 20 year Denny’s lease, operated by one of the largest US franchisees in a core, urban environment.
PROPERTY TAXES
Parcel Number | 162-05-403-005 | Improvements Assessment | $328,274 |
Land Assessment | $267,075 | Total Assessment | $595,349 |
PROPERTY TAXES
Learn More About Investing in Retail Properties
Listing ID: 17544361
Date on Market: 10/24/2019
Last Updated:
Address: Denny's, Las Vegas, NV 89102
The Retail Property at Denny's, Las Vegas, NV 89102 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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