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Denny's 114 US Highway 80 E 5,070 SF Retail Building Mesquite, TX 75149 $3,838,780 CAD ($757.16 CAD/SF) 5.57% Cap Rate
INVESTMENT HIGHLIGHTS
- Denny’s Recently Renewed Lease Early Showing Strong Commitment to this Location with approximately 10 Years Remaining on Triple Net Lease
- US-80 Frontage Road with over 16,589 VPD and Belt Line Rd with over 25,000 VPD
- Walmart Supercenter Receives 3.3 Million Visits Annually Ranked Top 4 Percent Per Placer.ai | McDonald's Receives 891K Visits Annually Ranked Top 4
- Less than 12 Miles from Downtown Dallas
- Four Additional Five-Year Renewal Options with 10 Percent Rent Increases
- Arby's Ranked Top 3 Percent in Texas Per Placer.ai | Tractor Supply Ranked #2 of 25 within a 50-Mile Radius Per Placer.ai
EXECUTIVE SUMMARY
Paine Restaurant Group at Marcus & Millichap is pleased to offer for sale the Denny’s located at 114 US-80 in Mesquite, Texas. The property is secured by a long-term NNN lease, eliminating landlord responsibilities. With approximately 10 years remaining on the current lease term, the tenant has five additional five-year renewal options, each featuring a 10 percent rent increase, ensuring consistent income growth. The tenant recently exercised their renewal option early, showing commitment to the location. The property generates an NOI of $12,755.42 per month, offering investors a stable and attractive cash flow opportunity.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,070 SF
Year Built
2000
Price
$3,838,780 CAD
Price Per SF
$757.16 CAD
Cap Rate
5.57%
NOI
$213,667 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.07
Lot Size
1.61 AC
Zoning
Z122
Parking
55 Spaces (10 Spaces per 1,000 SF Leased)
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Denny's
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Denny's | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 38003480020050000 | Improvements Assessment | $1,100,088 CAD |
| Land Assessment | $910,996 CAD | Total Assessment | $2,011,085 CAD |
PROPERTY TAXES
Parcel Number
38003480020050000
Land Assessment
$910,996 CAD
Improvements Assessment
$1,100,088 CAD
Total Assessment
$2,011,085 CAD
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Denny's | 114 US Highway 80 E
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