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Denny's | Roanoke, VAsale

Denny's | Roanoke, VA

, For Sale.
$1,695,652

Investment Highlights

  • New 20 Year NNN Lease Commences at COE

  • 3 x 5 Year Options

  • 10% Increases Every 5 Years

  • 39 Unit Operator in Florida, Georgia, and Virginia

  • Located 0.5 Miles from the Roanoke Centre for Industry and Technology, a 440-acre campus with 10+ large companies and distribution centers

  • Kroger Anchor store with other large nearby retailers including Planet Fitness, KFC, McDonald's, and Budget Inn Express

  • ±7 Miles from Roanoke-Blacksburg Regional Airport that sees 610,000+ passengers per year

Investment Summary

CAP Rate: 5.75%
Lessee: RREMC Restaurants
Building Size: ±5,308 Square Feet
Land Area: ±34,640 Square Feet
Lease Expiration: December 31st, 2038
Lease Options: 3 x 5 Year Options
NOI: $97,500
Lease Type: Absolute NNN
Increases: 10% Increases Every 5 Years
Ownership: Fee Simple

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More Information

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