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

Denny's | Richmond, VA

, For Sale.
$1,650,000

Investment Highlights

  • Brand New 15 Year Absolute NNN Sale-Leaseback

  • 7% Rent to Sales Ratio

  • Nearby Tenants Include: McDonald's, Target, Kohl's, Wawa, Hardee's and Hampton Inn

  • Excellent Frontage and Visibility Along Midlothian Turnpike (51,000+ VPD)

  • Excellent 10% Increases in Primary Term & Options

  • 42 Unit Operator in Florida, Georgia, and Virginia

  • 5 Minute Drive from ECPI University
    (11,831 Students)

  • Adjacent Parcel Available Individually or as a Package – Call Broker for Details

Investment Summary

CAP Rate: 6.06%
Lessee: Denny's – www.dennys.com
Building Size: ±3,407 Square Feet
Land Area: ±16,553 Square Feet
Lease Expiration: 15 Year Sale-Leaseback
Lease Options: 2 x 5 Year Options
NOI: $100,000
Lease Type: Absolute NNN – Zero LL Responsibilites
Increases: 10% Increase Every 5 Years Including Options
Guarantee: RREMC Restaurants – rremcrestaurants.com
Interest: Fee Simple – Land and Building
Parcel: Chesterfield County – 7437086368
Year Built: 2010

Contacts Us

More Information

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