8255 E. Raintree Dr, Suite 100 - Scottsdale, AZ 85260
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Denny's | Rockwall, TXsale

Denny's | Rockwall, TX

, Sold.
$2,273,684

Investment Highlights

  • Major redevelopment in 2013

  • Backed by 21 unit entity

  • High traffic location (±118,000 VPD)

  • 17 years remaining on initial lease term

  • $260,000 spent on remodel and renovation in 2013

  • Strong demographics

Investment Summary

CAP Rate: 4.75%
Lessee: Continental Restaurants, Inc.
Building Size: ±4,880 Square Feet
Land Area: ±39,030 Square Feet
Lease Expiration: December 21st, 2033
Lease Options: 4 x 5 Year Options
NOI: $108,000
Lease Type: Absolute NNN Lease
Increases: 7.5% Every 5 Years
Year Built: Redeveloped in 2013

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