8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
info@retail1031.com
call us: 480-429-4580
Denny's | Hopewell, VAsale

Denny's | Hopewell, VA

, Sold.
$1,450,000

Investment Highlights

  • New 20 Year Absolute NNN Lease

  • 10% Increases Every 5 Years

  • 39 Unit Operator in Florida, Georgia, and Virginia

  • Less than 1 Mile to Fort Lee Army Post which has a on-post population of 24,400+ people

  • ±6 Miles to Virginia State University which has 6,350+ students and faculty

  • Nearby retailers include Dunkin Donuts, Ruby Tuesday, Dairy Queen, Burger King, Piza Hut, Wendy's, Candlewood Suites, Food Lion, Hampton Inn, McDonald's and Shoney's

Investment Summary

CAP Rate: 5.75%
Building Size: ±4,510 Square Feet
Land Area: ±50,530 Square Feet
Lease Expiration: December 31, 2038
NOI: $90,000
Lease Type: Absolute NNN Lease
Increases:10% Increases Every 5 Years
Guarantee: RREMC Restaurants (15 Unit)

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