Denny's - Net Lease Property for Sale
Globe, AZ
Key Investment Metrics
Price
$1,757,000
Cap Rate
6.0%
Net Operating Income
$105,420
Building Size
4185 SF
Lot Size
4,185 SF
Land Area
0.68 Acres
Remaining Term
12.7 years
Lease Expiration
08/26/2038
Lease Type
Absolute NNN
Tenant Credit
Franchisee
Year Built
1995
Occupancy
100%
Tenancy
Single
Rent Increases
10% at the beginning of Year 4, Year 9, and Options
About This Denny's Net Lease Property
This Denny's NNN (triple net lease) property is located in Globe, AZ and represents an excellent investment opportunity for commercial real estate investors. The property features 4185 square feet of building space and was built in 1995.
With a cap rate of 6.0%, this Denny's net lease property offers stable income potential. The asking price is $1,757,000, making it an attractive option for 1031 exchange investors seeking quality Denny's commercial properties.
Why Invest in Denny's NNN Properties?
- Stable Income: Denny's net lease properties provide predictable cash flow with minimal landlord responsibilities.
- Strong Tenant: Denny's is a nationally recognized brand with proven operational success.
- 1031 Exchange Eligible: This property qualifies for 1031 tax-deferred exchanges, allowing investors to defer capital gains taxes.
- Triple Net Lease: The tenant is responsible for property taxes, insurance, and maintenance, reducing landlord obligations.
Globe, AZ Market Overview
Located in Globe, AZ, this Denny's property benefits from strong local demographics and market fundamentals. The Globe area offers excellent visibility and accessibility, making it an ideal location for Denny's operations and a solid investment for net lease property buyers.