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Denny's | Portage, INsale

Denny's | Portage, IN

, For Sale.
$1,925,000

Investment Highlights

  • 10.5 + Years Remaining

  • 27 Unit Guarantee

  • Hard Corner Location

  • 34 Miles from Downtown Chicago

  • 6 Hotels within Walking Distance

  • 1/4 Mile from Freeway Interchange

  • Signalized Intersection

  • 3/4 Mile from New Ameriplex Development
    (Starbuck's, Bass Pro, Hooter's, Taco Bell)

Investment Summary

CAP Rate: 7.35%*
Lessee: Classic Dining of Portage, LLC
Building Size: ±5,300 Square Feet
Land Area: ±53,579 Square Feet
Lease Expiration: 10-31-2028
Lease Options: 4 x 5 Year Options
NOI: $154,350*
Lease Type: Absolute NNN
Guarantee: Classic Dining Group, LLC (27 Denny's Locations)
Increases:
11/01/23 – $162,067
Option Period 1 – $170,171
Option Period 2 – $178,679
Option Pertod 3 – $187,613
Option Period 4 – $196,994

*NOI reflects rental increase in November 2018. Seller will credit buyer the difference at COE.

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