Denny's | New 15yr Abs NNN | Sam's Club Outpa 4442 US Highway 19

Investment Highlights

Brand New 10-Year Lease | Scheduled Rental Increases | Franchisee Guaranteed | Well-Known & Established Brand Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area Signalized, Hard Corner Intersection | Dense Retail Corridor | Outparcel to Sam?s Club Anchored Shopping Center

Executive Summary

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, freestanding, franchisee guaranteed, Denny?s investment property located in New Port Richey, Floria (Tampa MSA). The tenant recently extended their lease an additional 15 years with 4 (5-year) option periods, demonstrating their long-term commitment to the site. The lease features 8% rental increases every 5 years throughout the initial term and option periods, growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Founded in 1953, Denny?s is among the largest diner-style restaurant chains with over 1,700 locations around the world.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant Restaurant General Retail Freestanding Restaurant
• Building Size    3,869
• Building Class    B
• Year Built    1976
• Price    3,420,000
• Price Per SF    884
• Cap Rate    4.91
• NOI    167,922
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.34
• Land Acres    0.26 AC

• Corner Lot
• Freeway Visibility
• Restaurant
• Signalized Intersection